The Essential Real Estate Knowledge for All Leaders
Examine your surroundings. You are in real estate if you are on land. It is both pervasive and essential. Real estate is the largest or second-largest asset on the books for the majority of firms, yet since it is so ubiquitous, it is simple to take it for granted. Real estate management is challenging since it impacts all parties involved, including neighbors, workers, investors, regulators, and consumers. In this piece, I hope to condense real estate axioms that will assist CEOs, board members, and others in overcoming this obstacle.
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Commercial real estate is a strategic asset as well as an operational requirement. However, senior management is rarely interested in it. Real estate is still often viewed as a reactive, second-order staff role in many firms, with a...