Author name: master.citadel

Key to cost management Facilities represent a significant cost of doing business and their efficient management can maximize value and minimize costs, thereby adding directly to the bottom line. Moreover, it takes considerable effort to manage a large asset like facilities. Therefore, outsource this task to a CRE consultant/ facility management professional. With facilities well-managed,

Here are a few tips to help you simplify the task of office renovation: Have a clear plan Even before you embark on the journey of revamping your office, it’s important to have a focused plan with clear timelines. An office refurbishment is a good time to reassess the current layout of the office and

Size and layout First and foremost, carefully consider the size and layout of the property where you want to pitch your restaurant. Imagine the space with furniture and people as the size of an empty place can be deceptive. Keep in mind that the dining area usually takes up 45–65 percent of the restaurant while

Whether you are buying an office space or expanding your commercial portfolio, getting the right finance in place is crucial to your success. While there’s a range of finance options available to fund your project, the lending process can appear complex. Let’s take you through some of your options, so you can make the right

1. Rent and increment clause 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

1. Create standardized spend processes Uniformity in spending is vital for the efficient performance and reduction of costs for any company. By ensuring standardized spending, you can create efficiencies for your organization and add consistency to purchasing. One way to do this is to identify the most qualified vendors and use them repeatedly to achieve

Here are a few tips to help you strike a good commercial real estate deal: 1. Design an action strategy The best commercial real estate deals are scored with the help of a solid action plan. Even before stepping into the CRE market, ask yourself some important questions like: What is the outer limit of