 
Whether
leased or owned, real estate represents a significant capital
commitment. While some companies have a reasonable idea of their
real estate and related costs, these expenses tend to be viewed
as budgeted items, and are dealt with on an individual basis rather
than being viewed in a strategic manner. In addition to committed
capital, the location of a corporation's real estate - or more
specifically, where it is doing business - can significantly impact
a company's operating costs and efficiency. A poor location can
greatly affect a company's labor cost, recruiting, transportation
costs, accessibility to markets and materials, exchange of ideas,
technology, and even its national and international image, to
name but a few factors.
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