Benchmarking Your Management Team
In a recent blog, we covered how to benchmark the performance of your commercial real estate asset against its peers. But what about benchmarking your management and operations staff? How do they perform relative to their peers in the industry? To assess this, owners...Are You Benchmarking Your Returns?
If you’re not benchmarking your returns, how do you know how well your asset is performing against its peers? Benchmarking simply means comparing the returns of your investment to another broader index or investment. For example, did your brokers stock picks...The Responsibilities of Property Management
Owning commercial real estate is one thing; managing it is another thing altogether. Owners often don’t have the time or the resources to effectively manage their own commercial real estate asset(s). Improper management can lead to loss of revenue and property...Post-Pandemic Office Space
The traditional office isn’t going anywhere. In the earlier stages of the pandemic, there was a real concern that everyone’s love affair with the work from home concept was going to devastate the commercial real estate market. Well, that love affair has been...