Because ‘you can’t manage what you can’t measure’, it is critical to articulate the key performance indicators (KPIs) to determine if you’re making progress to achieve success.
These KPIs become the “gauges on your dashboard.” Research has indicated that some of the primary corporate real estate KPIs are:
- Cost/Square Feet (SF)
- Cost/Full-time equivalent (FTE)
- % Owned, % Leased
- % Occupied, % Vacancy
- % Cost of Company Revenue
What are the gauges on your dashboard?