Co-working is on the rise and has been drastically changing the way we use office spaces. It is no longer restricted to startups and small enterprises and is now a hot topic for the entire corporate real estate industry. According to a survey conducted at the CoreNet Global Summit 2018 in Boston, over the span
It’s official. Industry experts at Europe’s Expo Real 2018 agree that there’s no better time than present to make AI part of a real estate business strategy for long term success. From valuation to decision-making, from fault detection to predictive energy utilization, from instant transactions to smart building maintenance, there is hardly anything that
Accounts Receivables (AR), also known as debtors, are the dues from the clients or credit customers. According to Forbes, AR is one of the first business processes to be outsourced and also the one to dominate outsourced activities. In today’s ever changing global economy, most businesses aim to run leaner by outsourcing low priority business
A professional real estate appraiser is a specialist in appraising real estate. An appraiser’s services may be needed for various reasons such as home purchases, refinances, marketing appraisals, tax appeal appraisals bankruptcy appraisals, estate planning appraisals, etc. Whatever the reason, choosing the right real estate appraiser is very important when dealing with your property. Here
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.