Displaying items by tag: commercial real estate consulting
If you're making real estate decisions for your company without leveraging strategic real estate consulting services, you may be losing your company thousands upon thousands of dollars. The choices and approaches you make with your corporate real estate strategy can have lasting impacts on your bottom line and your company culture. If you make the wrong CRE decisions, they can have lasting financial repercussions for your company.
A strategic real estate consultant can help mitigate these risks and guide you with a multi-faceted strategy through the complex and ever-evolving landscape of corporate real estate.
What is strategic real estate consulting?
Strategic real estate consulting is a corporate real estate service provided to small and mid-size companies. Those companies will often have limited portfolios and infrequent, one-off projects, which means dedicated real estate staff is often out of budget. So these CRE tasks typically fall on the plates of departments that don’t have the bandwidth to deal with it every few years. That’s where strategic real estate services come in!
The best real estate consultants, like our team at Lavoro Consulting, have extensive experience in interior design, space management, and corporate real estate services. CRE consultants function as an extension of your staff to provide consistency, efficiency, and dedicated attention to your real estate, facilities, and leases.
Let's take a look at 5 ways strategic real estate consulting ensures every property you lease, buy, or sell meets the long-term financial and operational goals of your business.
Better Outcomes With Stakeholder Collaboration
When people participate in decision-making or planning that is going to affect their work, they’re going to feel a higher degree of ownership and commitment to that work. Involving stakeholders in your corporate real estate plan almost always generates better outcomes.
For instance, at Lavoro, we work with every stakeholder on a project to involve them in the strategic planning process so that your organization is unified in your desired outcome. We’ll bring all parties to the table and lead discussions about any changing or future needs for your business. This helps ensure that every party is on the same page with a shared vision. And it ultimately helps create a more cohesive environment within your organization.
Portfolio Strategy and Management for Multiple Office Locations
Managing offices across diverse geographical areas can be challenging, even for experienced professionals. The ability to create cost and operational synergies across your company’s portfolio often requires strategic real estate consulting services and CRE expertise that you may not be able to house internally. That’s where CRE consultants come in.
At Lavoro, our goal is to put your properties in the best financial position. We offer strategic, pragmatic solutions so you can feel confident in every real estate transaction you make. Our experts understand the unique challenges faced by businesses that operate in multiple locations. As such, we know how to leverage your real estate transactions and portfolio strategy to streamline operations while maintaining high levels of customer and employee satisfaction.
Mitigate Risks for Potential Commercial Real Estate Investments
As part of our strategic real estate services, we’ll conduct a number of scenario analyses so that you can accurately measure risk when evaluating a potential commercial real estate investment. We’ll consider all kinds of scenarios from worst-case to best-case, so you can make data-driven decisions for your business.
Our CRE analysis includes:
- A review of market conditions
- An assessment of current operations and costs associated with operating multiple locations
- Identification of opportunities to improve efficiencies through consolidation or relocation
- Analysis of capital requirements necessary to fund improvements
- Evaluation of alternative financing options such as debt vs. equity
- And an assessment of risks related to location selection, tenant mix, competition, and more.
Accurately Identify, Plan, and Manage Space Needs
Commercial leases are almost always long-term leases. This can make it difficult to align your organizational needs with your lease. Before your CRE consultants even start the search for your next commercial space and help with the lease administration, they’ll help you accurately identify your company’s space needs.
This means you’ll be asked questions like:
- What type of space do you need?
- How much square footage does your organization take up now?
- Where would you ideally want to locate?
- Do you have enough room for growth?
- Are you looking at an expansion opportunity? If so, which spaces should you target first?
These types of questions will help your CRE specialists identify, plan, and manage your company’s space needs.
Optimize and Repurpose Current Office Space with a Restack
When a company’s lease is almost up, leadership must answer a tricky question: “Should we re-sign and stay or should we move to a new space?”
If you like where you currently are, but your office needs a facelift, then an office restack is always a great way to revitalize your space. At Lavoro, we can assist with all aspects of your office restack so your team experiences minimal disruption and a smooth transition, all while getting the most out of every square foot of your space.
We’ve helped companies reposition their existing space by consolidating several small offices into one larger space, creating more efficient workflows, improving employee morale, and reducing overall overhead expenses. Our experience working with clients on this type of project has given us insight into how to maximize efficiency and minimize downtime.
There's no doubt that investing in commercial real estate requires careful planning and execution. You may want access to experienced corporate real estate professionals when considering buying a property outright or leasing from another party. Our CREs can provide guidance throughout the process to ensure better success.
At Lavoro, we believe that successful investments require thoughtful consideration of both short-and long-term goals. By combining deep industry knowledge with extensive hands-on experience, we'll help you navigate each step of the journey toward achieving those goals without bleeding money.
Learn More About Our Strategic Real Estate Services
If your business or organization needs assistance creating a successful strategic real estate plan, reach out to us today at Lavoro Consulting. We are here to function as an extension of your team and ensure your real estate decisions positively impact your bottom line and contribute to the overall success of your business.
We have extensive experience in both public and private-sector work in the corporate, retail, hospitality, and transportation sectors. We’ve worked with clients nationally and globally to provide workplace and portfolio services that make your spaces work for you.
Schedule a consultation today to learn more.
Unlike leases for residential properties, commercial leases are expected to go through multiple rounds of negotiation. The initial lease that is provided to you is essentially a rough draft. Your potential landlord or property owner is anticipating that you will request changes to the proposed lease. Here’s how to negotiate a commercial lease to ensure you get the best possible outcome for your organization.
Whether your business is moving a few blocks away or all the way across town, relocating your office is stressful. Operations are disrupted, things don’t always go as planned, and it can be difficult to stay under budget. And without proper preparation, your office move can quickly become a huge headache for both you and your team. However, when implemented correctly, office relocations have been shown to positively impact nearly 70% of employees. The best way to make your move more manageable and stress-free for you and your team is by creating an office relocation action plan.
Navigating the complexities of commercial real estate can be overwhelming. You can make the process more manageable by working with an experienced commercial real estate broker. With a CRE expert on your side, they’ll help ensure you make informed and strategic decisions when buying, selling, or leasing commercial properties. Here at Lavoro Consulting, we partner with some of the top brokers in the business to ensure you’re getting the best bang for your buck.
Depending on the size and scope of your business, you could operate in a few office spaces or dozens of locations. While it might be possible for someone on your internal team to manage a few properties, any more than that and it will interfere with their ability to complete day-to-day tasks. Managing a geographically diverse real estate portfolio requires an in-depth understanding of the complexities and nuances of each individual property. This can be challenging for even the most experienced real estate professionals. And often, many companies cannot house a team that's well-equipped to effectively manage all of their real estate holdings. Luckily, commercial real estate outsourcing is becoming more and more accessible.
In today's fast-paced and ever-evolving world, businesses need to be able to quickly adapt to new norms, challenges, opportunities, and obstacles. Just take the COVID-19 pandemic for example. No one could have predicted that the world would have to go into a nearly year-long lockdown. But still, businesses needed to learn how to adapt if they wanted to stay afloat. With more and more companies extending remote work opportunities post-COVID-19, real estate needs are changing for many businesses. And although it might be possible for your team to manage a few properties, any more than that can become overwhelming and impact their ability to carry out their primary responsibilities. At Lavoro Consulting, we offer all of the benefits of an in-house real estate team with the added flexibility of an outsourced commercial real estate consulting service.
Navigating the world of commercial real estate can be complex. Whether you’re interested in leasing new office space or buying industrial warehouses, having an experienced commercial real estate consultant on your side can save you a significant amount of time and money. If you’ve started your search for a new space, you already know how time-consuming it can be. However, with a limited portfolio and infrequent projects, having a dedicated real estate professional on-staff is probably out of your budget. That’s where commercial real estate consulting comes in.