After Human Resources (HR), real estate is among the most significant operating costs for most companies. In many cases, Corporate Real Estate (CRE) represents a third or more of their operating costs.
Similar to HR, CRE is a discrete function within most corporations, increasingly viewed as salient and strategic to sustainable growth. When planned and aligned with HR and IT operations, as part of the corporation’s infrastructure, real estate can add significant competitive advantage to a company.
Deloitte can assist with facilities management strategies as well as systems selection and implementation. In slower economic times, many companies find themselves over-leveraged and cash poor. They are eager to strengthen their finances and move real estate assets off their balance sheets, lower costs, reduce debt, and free up capital and resources.
Deloitte can help clients “right size” their assets and activities, whether through: the partial or complete outsourcing of their non-core functions such as real estate; the recapitalization of existing portfolios; or the disposition of excess properties. They offer business process outsourcing, portfolio realignment, and occupancy cost management solutions.