In 2006, the Financial Accounting Standards Board realized that the standard for lease accounting in the United States was significantly different from the system used in countries that follow the standards set by the International Accounting Standards Board. FASB started a long process of revising their lease standards to better conform with IASB standards. The new standards were finally developed in 2016, and they don't necessarily clear things up internationally. But they are changing the way the companies have to treat their leases from an accounting perspective.

The way your company approaches real estate is an excellent way to also approach your technology portfolio. Odds are that when it comes to real estate, you rent most if not all of what you occupy and, if you own real estate, it is because that property really fits your needs and you are sure that you want to make a long-term commitment to it.

In case you missed them, here are some of our top CRE articles from June:

In case you missed them, here are some of the posts from REoptimizer^® in April:

Corporate real estate departments frequently live in a world of constant execution. Leases get signed and expire, divisions close and open and market demographics shift for the good or bad. Along the way, many corporate property groups execute on what comes up but fail to take the time for long-range strategic analysis and planning, looking backwards and forwards. Here are three best practices that every company can execute on and, more importantly, use to reap real benefits.

Deciding to lease your space is just the first step in weighing your options for securing commercial real estate. There are a number of ways that lease deals can be structured, but generally, three main types of commercial real estate leases exist: net, gross and full service. Each type has its own distinct advantages and disadvantages, making it important that you understand the differences before you begin negotiating with a landlord.

The trend towards more efficient office space continues to grow. Once, companies planned 250 rentable square feet per employee, with efficient spaces holding a worker in 200 or 225 feet. Some companies now operate with a density goal of 175 rentable square feet per worker. However, a combination of technological innovations, shifting client needs and more flexible working styles are making it possible to achieve much higher levels of efficiency. Here are the top three types of businesses that can usually shrink their spaces without sacrificing productivity or morale.