Visibility into Operations
Building Engines Blog | Operations & Management | Visibility into Operations
The best operators are now applying performance metrics to how they operate, and that is their vehicle to taking things to the next level. The game has changed. How should you adjust your thinking and practices to this new reality?
Peter Drucker’s modern management principle says it all: “If you can’t measure it, you can’t manage it.” With a greater demand for accountability from management teams comes a new emphasis on quantifiable operational performance metrics. Join us as senior real estate investment professional, Timothy Donahoe, shares his perspective on identifying key areas for metrics and visibility to mitigate risk and enhance investor returns.
You want to keep tenants in your buildings. At least, if you care about NOI you do. Increased concessions and vacancy loss days come at a cost to your company. And with the ease and ubiquity of social sharing on the internet, happy tenants can equate to free marketing. So here’s how to ensure that you are being tenant retentive. These are the items to include in your Tenant Retention Plan.
Personally, I prefer to have full visibility into my endeavors rather than marching blindly through life. Learning facts or information that you don’t want to know may not always be pleasant, but at least it gives you the opportunity to get ahead of the problem and address it head on before it becomes a crisis. […]
I just read that the U.S. office market recovery has begun: “…that the third quarter the U.S. office market posted positive net absorption for the second consecutive quarter — 5 million square feet absorbed in the second quarter and 7 million square feet in third quarter.” [U.S. Office Market Enters Early Recovery as Absorption, Demand […]