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Taking a Deeper Look at Outsourcing within Corporate Real Estate (Strategic Facilities Management Knowledge Community)
The role of real estate and facilities management has evolved from leasing, acquisition and disposition of space – coupled with operating and managing that space – into a strategic role that can not only reduce costs but also create value through worker engagement and operating efficiencies. Traditionally, much of this work has been done in house with a centralized or de-centralized corporate real estate team, depending on the structure of the organization. As organizations have grown from regional to national to global corporations, operating these expanding physical spaces has become more demanding and increasingly complex. Many organizations were not equipped to adequately or effectively manage these increases in scale and scope. The answer for many of these organizations has been to outsource a piece or all of these services to a firm or firms that can help manage the process.
Keywords: Knowledge Community, Vendor, Trend, Driver, Function, Cost
This content is available only to CoreNet Global members. To learn more about membership, contact membership@corenetglobal.org.