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Inward Investment Guides
Know Target Savings to Time Real Estate Decisions
Companies should identify a target savings figure to time action on real estate decisions.
For clients with whom you have worked, how significant have the cost savings been when they have used these tips?
George Livingston, Founder and Chairman, NAI Realvest
Editors Picks:
It is hard to generalize about savings from these strategies. Each opportunity must be reviewed in the context of the property type, local market conditions, and goal of the organization. Given the current timing, the savings should be significant and worth the time to develop a strategy and then analyze the likely outcome if implemented. Time is of the essence within the next 12–18 months. Savings could be in the 20 percent range or more. Have a target hurdle that is acceptable to use as a trigger to execute.
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