Now is the perfect time for real estate shuffles
One of the major issues facing corporate users today is decentralizing operations while still ensuring efficiency, productivity and creativity amongst its employees. This is a monumental undertaking for any corporation and is especially daunting given the series of events that led to its consideration. However, given current market conditions, this move can offer key advantages not only for a company's continuity, but also its bottom line.
Although most prevalent throughout the financial services and information technology industries, decentralization is an option that should be considered by any company that has 100% of its operations or 100% of any given business unit in a single location.
With corporate profits on the rise and growth prospects improving, now is an advantageous time to review local and state tax incentives and perform a "stacking analysis" of office space within a building or office park in order to consider relocation opportunities.
A restacking analysis will reveal two basic options: either a creative use of existing space or the need to take additional and/or new space. With hiring on the rise, the need to lease additional space has started to increase. Market conditions have just started to trend upward, so the near future will be an opportune time to revisit decentralization issues. This can be done by simply transferring portions of business units into a new facility or by reshuffling groups throughout existing facilities.
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