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Free critical thinking on what every leader should know about real estate

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The article of Mahlon Apgar ” What Every Leader Should Know About Real Estate” provides the reader with the explanation why it is so important for the leader to be well-versed in real estate strategy. The author emphasizes that senior managers sometimes ignore the important role of real estate in business development, which may lead to serious consequences, that is why every leader should know the main rules in order to guide the team.
First of all, the detailed portfolio has to be created. It should include all the information regarding the real estate holdings of the company, which will not only facilitate the managerial control of the company in present, but will also help to make decisions for the future changes.
The other important consideration for every organization is flexibility of the real estate holdings. There are three types of flexibility: financial, physical and organizational. Financial flexibility is about the choice between leasing or owning real estate. Physical flexibility is a useful tool that gives the company an opportunity to eliminate its costs by subleasing an extra space. Organizational flexibility lays in the idea of finding different places of work for employees, like working from home, which not only eliminates the costs, but can also be convenient for the employee.
The author highlights that it is very important for the leader to be well-versed in real estate strategy, and to use extra help from the outside, cooperating with the experts and having a service, lease or development partnership.
Last but not least important rule that every leader should know is the importance of investing in the future. Going green may seem to be expensive in a short-term view, however it will pay back in long overview.
Real estate plays a significant role in organization development, and it is crucial for the leader to be responsible and well-versed in order to manage it well.

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