REoptimizer^® Blog

Given the high cost of your company's real estate portfolio, it's understandable that much ink gets spilled discussing property strategy. For those strategies to get executed, though, you also need to have a clear grasp of best practices at ground level. Here are five tactical commercial real estate tips to help maximize your office leasing experience.

Strategy is sexy. It allows you to sit on a mountain top, take a big picture view and think about your company's portfolio is broad strokes. When it comes down to actually running your portfolio, though, you live in the world of tactical commercial real estate activities. Those activities -- some of which can be menial -- have to be done on time and accurately to ensure the best possible performance from your company's leased or owned spaces. Here are some of the most important tactics to use:

While having a big picture strategy is an important part of maximizing your company's corporate real estate investment, the strategy gets executed in the area of tactical commercial real estate. The nuts and bolts of what is happening with your portfolio make up the building blocks that you need to achieve business goals. Here are some tactics that are crucial to support your strategic initiatives:

"Eating the Elephant"

There's an old riddle that asks "How do you eat an elephant?" The answer is, "one bite at a time." The joke is extremely applicable to tactical commercial real estate on the global scale. Taking the first bite of the global market may be challenging, but it'll expand your business into new opportunities. The U.S. represents less than 5% of the world's population and 25% of economic output, and both figures are shrinking. Growing in the global economy means expanding to other countries.

Many businesses become victims of leasing the wrong building, causing a lot of problems financially as well as legally. Here are a few tactical commercial real estate tips to avoid leasing the wrong building.