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135 cost savings ideas—from CRE portfolio and organizational strategies
to processes and tactics
In 2001, Jones Lang LaSalle introduced the Financial Performance
Improvement Pyramid model to capture three levels of cost savings
initiatives (Figure 1). CRE teams have raised their game dramatically
since then, becoming more financially astute and attuned to their
companies’ strategies, leveraging the strengths of alliance partners,
and using technology and innovation to greater effect.
In the early stages of outsourcing, the greatest opportunities to realize
cost savings are tactical—the proverbial “low-hanging fruit.” In real
estate terms, tactical enhancements include renegotiating supplier
contracts, streamlining leasing processes, disposing of vacant
properties and optimizing facility management practices. Once these
task-level efficiencies have been achieved, how can CRE teams
continue to deliver savings?
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30 November 2008