The saying bigger is better applies to a lot of things, but office space isn't one of them. Every square foot of office space costs you money, so the last thing you want is to go unnecessarily big and raise your rental rates as a result. As you consider the commercial leases your company holds and work to optimize your portfolio, be on the lookout for these signs that you may be ready to consolidate and cut down on office space:

Over the years, many companies grow a large portfolio of commercial real estate properties. Some are owned, some leased and some are big while others are small. Your portfolio could include office, retail and industrial sites in large and small markets. While a certain degree of diversity in CRE is to be expected even in a mid-sized company, there's a good chance that you have too many sites and that one or two (or more) can be easily consolidated. Here are some factors to look for as you review your company's portfolio for consolidation.