Category: Building Operations

A commercial real estate (CRE) professional is a multitasker, juggling demanding tenants, keeping budgets in check, and staying ahead of expiring leases.  So if you’re pressed for time and want to stay in the loop on the hottest industry topics, try a commercial real estate podcast, which allows you to get up to speed while driving,…

The outlook for commercial offices is considerably brighter than a year ago.   Industry leaders predict the office is far from dead, and some tenants report they’ll need even more office space post-COVID-19.   But in the meantime, commercial real estate (CRE) owners and operators face high vacancy rates and dwindling revenue streams.   Property teams can adapt…

In commercial real estate, claims and losses are inevitable for any property. Drawn-out legal battles, damages to your reputation, and steep fines are not.  If you fail to detect and prevent risk in a commercial building, even simple mistakes like a tenant slipping on ice in your parking lot can cost you millions.  

The ongoing COVID-19 pandemic has fundamentally reshaped the commercial real estate industry.  But after a volatile year, leasing deals are starting to pick up. It’s time to take advantage of the gradual return towards post-pandemic life.  To close deals in commercial real estate’s new normal, brokers can’t follow old playbooks. In a down market, alleviating…

Are your engineers able to resolve work orders from anywhere? Or are they stuck running back and forth to their desks to communicate with tenants, log billables and check for updates?  In CRE’s new normal, your team and tenants are more dispersed than ever. Some work from home, and others are spread out across your…

In March 2021, the Building Owners and Managers Association (BOMA) announced an update to its retail floor measurement standard: BOMA 2020 for Retail Properties.  This standard includes the most significant changes to the BOMA measurement standard since BOMA Office 2017, and the first update to the retail sector since 2010.   As the retail landscape evolves…

In 2021, tenants are viewing your building’s shared spaces and amenities a little differently. In the past, they probably didn’t mind hustle and bustle in shared spaces. But with COVID-19 still a concern, they now expect your team to limit traffic in reservable spaces (like conference, rooms, lounges, rooftops, etc.) and to ensure seamless handoffs between bookings. Furthermore, many CRE tenants…

In this moment of social change, CRE leaders are recognizing a need to promote inclusivity and diversity in the industry. For many property teams, the vendor supply chain is a crucial place to start. Due to the industry’s reliance on existing relationships, many qualified minority vendors are routinely shut out.  More than just an industry buzzword, embracing…

Do you want to increase revenue in your property or portfolio? Outside of increasing your occupancy, maximizing the rentable square footage (RSF) is the next best thing. The more RSF you have, the more revenue you can generate with your building. You might think your RSF can’t change. After all, you’ve already measured your building.…

Do you conduct regular inspections of your properties? If not, your building is at risk of costly equipment failures, dissatisfied tenants, and more. Without consistent inspections, it’s easy for minor problems to go unnoticed until your asset fails – resulting in increased expenses. And, equipment failures can create a negative experience for tenants. This could…