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Commercial property is typically a
company’s second highest overhead yet it rarely
features on the boardroom priority list. Most businesses
have little idea how much property liabilities really
cost. The cost per person, per square foot, as a proportion
of turnover, by location, are often figures which
elude most business managers.
Careful planning can help to eliminate uncertainty
and illustrate net business value, defining a businesses
needs for capital and revenue over time and helping
it to avoid any unpleasant surprises. Typical obligations
arising from rent rates and service charges need to
be planned for but there are many more opportunities,
which can be exploited to manage exposure. |
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