December 9, 2010
As the first decade in the 21st century draws to a close the “CRE3 Forum” offers some insight on trends and changes the corporate real estate industry might anticipate in the coming decade.
While it is likely many of the cited dynamics will occur, some may not and others will emerge but, the most important thing to consider for you as a CRE professional is that change in our industry will happen and it’s your job and responsibility to find out how it will affect your organization. It is more likely there will be a convergence of trends creating complex issues that will impact your role to deliver efficient facilities in the right place at the right time at the right cost.
The companies of which you are employed are counting on you to be the subject matter expert on corporate real estate ready to anticipate and act on the inevitable changes associated with occupancy costs, sustainability and technology among others that are coming in the next few years. Read the rest of this entry »
December 2, 2010
The facts are irrefutable that America’s companies have embraced sustainable business practices that are translating into corporate real estate strategies.
According to the recent UN Global Compact-Accenture CEO Study1, “93% of CEOs believe that sustainability issues will be critical to the future of their business and 96% of CEOs believe that sustainability issues should be fully integrated into the strategy and operations of a company.”
The role of corporate real estate to adhere to the C-suite’s commitment to sustainability results from:
A) Real estate is a significant component of a company’s Plant, Property and Equipment net value and often comprise 20-50%+ of corporate assets on the balance sheet (see CRE3 Forum post, “Impact of Real Estate on Corporate Assets and Financial Performance”2)
B) Buildings and facilities account for 70% of electricity consumption and 40% of greenhouse gas (GHC) emissions
C) Owned and leased CRE portfolios house a company’s most precious resource – their staff. And, enable operations therefore, it is critical that they be managed in the most efficient manner possible.
But, the most important underlying reason for the movement to sustainability beyond social responsibility, environmental stewardship and its relationship to alternative workplace strategies is that it makes good business sense by accelerating near and long-term value creation. Read the rest of this entry »