Facilities are a substantial part of a company’s assets as well as expenses and deserve specialized attention. In order to get better results, lower costs and minimize risks, more and more organizations have outsourced facilities management to professional experts who can provide strategic direction and expertise. Facilities management was once just a job description but is now considered a strategically important professional role. Best practices in facilities management are imperative to the success of any business and here is how your company can leverage it: Continue reading “Why You Need an Expert for Facilities Management”
Commercial lease agreements lay the foundation of a successful tenant-landlord relationship. It is essential to ensure you scan the agreement carefully and read all the clauses. Here are five points to remember before signing on the dotted line:
The first point to carefully examine is how much rent you will pay and the increment clause. It’s advisable to also ask for the security deposit and how much of this amount will be refunded when you vacate the property. Make sure the rent agreement also lists a termination clause specifying the tenure of stay and notice period. Also check if there is a lock-in period clause and the duration is agreed as per the commercial discussions. Continue reading “5 Checkpoints Before You Sign a Commercial Rent Agreement”
Read the whole blog: 5 ways facilities managers can reduce energy consumption
Optimum energy consumption and reduction of power wastage hold the key to the efficient functioning of any commercial building and office space. According to a study by Environmental Protection Agency, up to 30 percent of energy consumed in a commercial building is lost. In view of this, it’s imperative for facilities managers to use advanced power monitoring to increase equipment uptime and reduce energy consumption.
The vagaries and unpredictability of the commercial real estate market are known to all. There may be times when commercial property rates skyrocket and at others, the value of the same properties come down to affordable levels. Buyers have an edge in a slow market as there is a surplus property for sale. However, the decision to buy a commercial property in a slow market should be taken smartly and the following factors must be considered carefully: