Growing urbanization, drastic demographic shifts, rapid technological advancements and evolving regulatory standards are increasingly influencing the Commercial Real Estate (CRE) industry. Players are walking the tight rope, trying to balance sustainability with profitability while keeping pace with market changes. As CRE companies strive hard to gain competitive advantage, here’s a list of three key trends
As commercial real estate and its rental rates grow steadily, lease audits take a centre stage. Cost conscious businesses and tenants are increasingly relying on these audits to ensure they are not paying more than the current market rate. Lease audit allows tenants to seek professional auditors help in evaluating leasehold expense, validating whether charges
As the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards, is set to come into effect, it is going to potentially change financial reporting standards. Real estate companies will be required to capitalize their property and equipment leases shifting the way commercial property leases are managed and negotiated.
As commercial real estate looks optimistic, the property managers have a humongous work cut out for them. Commercial property management encompasses a range of demanding activities on
Data is your business’ heart. Or is it the backbone? Whatever it is, it is the core of your business. Data is the new taskmaster and businesses are its slave.