Are you ready to dive into the world of Corporate Real Estate and facility management? Whether you're a seasoned professional or just starting out, staying up-to-date with the latest trends and developments in this ever-evolving field is essential. Corporate Real Estate properties are valuable capital assets that must be managed and optimized to grow the business. Proper management of these assets involves strategic planning, effective utilization, and maintenance. This blog discusses the top 3 Corporate Real Estate trends impacting Facilities Management and Capital Planning.
Top 3 Corporate Real Estate Trends Impacting Facilities Management
In today's fast-paced business world, technology and information management are increasingly important in shaping how organizations manage Corporate Real Estate facilities. In this blog post, we'll explore the top 3 Corporate Real Estate trends impacting facilities management and discuss how they are changing the game. These trends include the adoption of new technologies, the implementation of sustainable practices, and the focus on employee experience. Understanding these trends can help companies optimize Corporate Real Estate assets and improve business operations. So sit back, relax, and get ready to learn about the exciting new developments that are transforming the world of Corporate Real Estate and facility management!
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Facilities Managers will become Ambassadors
Facility Managers are becoming more like ambassadors. This comes from an overarching trend within the facilities management industry, which has seen Facility Managers and Executives move from being a support service to a strategic partner.
Further, occupants and consumers increasingly seek experiences besides products or services. Integrated property and facilities management will streamline Corporate Real Estate Facilities Management, and the Facility Manager will oversee these added options. Creating and maintaining new features, such as biophilia walls, will draw new consumers to spaces. As a result, such features will attract more tenants who are willing to pay a premium.
Sustainability is a Top Priority for Tenants
A key focus of corporate real estate facilities management includes sustainability. Most consumers, millennials and Gen Zers expect to do business with companies that use sustainable practices. This translates into tenants looking for sustainable-based CRE providers. As a result, CRE organizations will need to renovate existing facilities, improve energy use, and ensure optimum facility conditions to attract and retain tenants.
Corporate Real Estate tenants want more than just a basic commercial space; they want spaces that use sustainable practices. For corporate Real Estate providers, this translates into facility retrofits, the use of intelligent systems, and proactive maintenance of facilities. In other words, the partnership between Corporate Real Estate facilities management and services is becoming more important for attracting potential tenants.
New Construction of Office Space will Decrease
A final corporate real estate facilities management trend to consider is the decline of newly built corporate real estate space construction. Instead of developing new CRE, builders are turning to renovations and ways to enhance existing sites, resulting in greater demand on the facilities management team.
Read our guide to deciding whether to renovate or raze properties.
Consequently, maintaining optimum facilities will be crucial to tenants looking for space as space demand increases. Facilities executives must also develop more robust and comprehensive long-range capital plans.
Software Solutions for Corporate Real Estate
The facilities team must make decisions for its Corporate Real Estate portfolio that are directly linked to the business's strategic objectives across levels. Implementing software like our FOUNDATION platform will empower your team to effectively manage all buildings and assets as well as develop comprehensive capital plans so that you can secure the future of your organization's Corporate Real Estate portfolio.
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Are you looking to stay up-to-date on the latest trends and developments in Corporate Real Estate and facility management? Look no further than this informative blog post. Discover the top 3 Corporate Real Estate trends currently impacting Facilities Management and Capital Planning, including adopting new technologies, implementing sustainable practices, and focusing on employee experience. Understanding these trends allows you to optimize your Corporate Real Estate assets and improve your business operations. Learn how Facilities Management and Capital Planning Software can provide better insight into your Corporate Real Estate Portfolio. Don't miss the exciting new developments transforming the Corporate Real Estate and facility management world!
