Controlling real
estate costs will remain a key element of occupiers' strategies in 2013. The
real estate costs for office mart ranges between 10 & 15 percent of total
operating cost depending on the business sector.
The capital committed
to corporate real estate generally generates a lower return than the same
capital committed to alternative business uses. With the result many corporates
are adopting strategies to keep real estate expenses cost-effective nowadays, says
a survey by Jones Lang LaSalle.
These occupiers
include Capgemini, Goldman Sachs, NDS,Mercedes and Cisco.Many occupiers will
focus on cost-effective strategies during the years 2013 & 2014. The early
(pre-mature ) renewal of leases can be made if the passing rents are higher
than the market rents.
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