For most organisations, property is the highest expenditure item behind staff costs and for those who own their own property typically their largest asset holding.
This means that even small percentage improvements have significant short-term bottom line benefits that multiply over the long-term.
Despite this, many organisations who occupy significant property portfolios have no clear strategy to manage costs or drive ongoing improvements.
Property from a management perspective.
Like maximising the performance of your staff, maximising the performance of your property portfolio is far more complicated than simple cost management.
For example, well managed property can also add value to your business through increased productivity, reduced staff turnover and absenteeism and by reduced risks and insurance costs.
Additionally, by managing property more strategically you can enhance your brand to both customers and to potential new staff.
Conversely, poorly managed property can actually detract from your brand and most importantly impede actual business performance.
This then begs the question, if property is such a large part of the business cost base and there are all these potential benefits and pitfalls, then why doesn’t it get the same level of management attention as HR or IT?
Find out why and how to implement positive change through proven property portfolio management strategies.