Best Practices for Creating a CRE Outsourcing Strategy
While there are many benefits to outsourcing your CRE approach, there are also several drawbacks that you should be aware of before making any decisions. Here is what you need to carefully consider when creating a good CRE outsourcing strategy:
1) What is Your Project Budget?
First thing’s first: determine how much money you have available to spend on your projects. This is especially important if you are looking at long-term contracts with multiple years of work as opposed to short-term deals. In many cases, the cost of an outsourced CRE project is less than the cost of doing it in-house.
2) How Much Time Do You Have?
If you only have a few months left to complete your project, then it might be best to outsource it. Sometimes keeping a project in-house can create more problems than it's worth, especially when your team has so many things on their plates. Outsourcing can be a great way to make sure that your project isn't slowed down by other things that are being run in-house.
3) Are There Any Special Requirements?
If you have special requirements for your project, then it would be wise to take those into account. For example, if you require a specific version of a particular piece of software, then it might be worth paying extra for that software. Or if your CRE project is a specific type of deal like a Sale-Leaseback, be sure to plan for that deal structure.
What Can Lavoro Do to Help you Create Your CRE Outsourcing Strategy?
At Lavoro Consulting, we provide commercial real estate services for small and mid-size companies. We can assist with all aspects of commercial real estate including leasing, tenant representation, facilities management, asset valuation, facility design and construction, and project management.
We will help you develop a plan for managing your CRE risks. We’ll analyze the market conditions and economic factors that could affect your decision-making. We’ll also factor in the timing and size of your project so we can determine if there are any risks associated with your particular situation.
If your office space is starting to feel stale and outdated, there are many ways to bring life back to your space. A simple office rearrangement can give your employees a fresh start.
At Lavoro, we can help you with everything from furniture layout to finish selections and even the décor. Our goal is to keep everyone happy and productive while giving them an office they love.
Portfolio Strategy and Oversight
If you’re looking for an expert partner to help you manage your office space needs, look no further than Lavoro. Our team will get to know you and your company better than any other real estate team in town, ensuring that you receive the highest level of service from start to finish.
We take care of everything – from finding the right property to negotiating leases, managing operations, and more. As a result, you can focus on what matters most: running your business.
Ready to Learn More about how Lavoro can help you?
Our experienced CRE experts are ready to lend a helping hand. We can turn your CRE strategy into a winning one with helpful insights, key guidance, and much more.