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Managing The Cost Of Real Estate
In view of the high cost of real estate, it's surprising that many companies fail to manage it effectively. Those that handle it best assign employees with skills in finance, property, and workplace design to manage the costs, but even these managers often fail to develop guidelines or to compare the performance of their companies with that of competitors.
The take-away: Large companies could save millions by managing their real-estate needs more closely. They should take a broader view of the costs of occupancy and compare their costs with industry benchmarks.
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