Why Your Company Should Establish Real Estate Performance Measures Today

If your company leases or owns space, it may be time to consider establishing key performance indicators (KPIs), measurable values that demonstrate how effectively your portfolio is performing. Knowing these values, for instance, may help companies discover where they can improve operations or help assess the best locations for moves or acquisitions—often saving you substantial time and money. KPIs can also give you a more accurate picture of your real estate strategy and take the guesswork out of management. Some KPIs commonly used in real estate include: Cost per square foot Market share growth Occupancy costs Revenue per square foot Utilization (vacancy) rate Operating cash flow Debt-serv

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