There are certain dates we fondly remember; still others we tend to forget despite trying hard to remember. But for all commercial real estate professionals, there are certain dates that will remain etched in their memory, thanks to FASB leasing standards taking effect soon. If you’re a public company, the date is December 2018. If
What is CAM? CAM is a short form for Common Area Maintenance charges, and is one of the most underestimated and undervalued aspects of any commercial lease in real estate It comprises of maintenance fees and operating costs (work carried on in the common area of a property like cleaning the walkways, cleaning the food
Real estate cost accounts for one of the key hidden costs organizations often tend to ignore in their quest to control other small-time expenses such stationery, decor, and more. Most senior executives only occasionally visit lease agreements and other related documents, treating them as either too insignificant to worry about, too technical to analyze, or
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.