Jul 15 2010

135 cost savings ideas—from CRE portfolio and organizational strategies

From Ed Noha at Jones Lang LaSalle, posting from the CORENET Global summit.

135 Strategies for CRE

Commercial Real Estate executives from a host of industries explained how they are following through on “cost savings ideas” at our session on that topic. Their strategies are not earth-shattering—recasting leases, utility cost reduction, alternative workplace strategies, dispositions of excess properties—but it’s hard not to be impressed by some of the savings totals, in the tens of millions of dollars. Some noted that the increased corporate focus on cost-cutting has helped them break down barriers that existed previously.  I noted at the session that ideas without actions to back them up produce no value. It sounds like this group has already learned that lesson.

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