We aren’t even knee deep in 2020, and our TV screens and phone screens have gone viral (pun intended) with COVID-19’s hourly oscillations - pervading our every conversation, our homes, our workplaces…our daily lives.
In the current climate, one thing’s for sure – there’s no dearth of information. In fact, we have an overwhelming amount of it. While this can hamper decision making, when managed correctly, data and information can shape solutions to unprecedented disruptions.
From a real estate perspective, COVID-19 brings the focus back to the ‘bread and butter’ aspects of property services and management. Today, temperature checks and rigorous cleaning are not unfamiliar at the scene of commercial and even residential buildings. If we travel further up the food chain, though, we will find the data from lease administration systems which help to activate the workplace and facilities management apparatus in times like these. For example, data on headcount and workstation occupancy data can help determine quantities required for the procurement of cleaning products, face masks, and more.
In “normal” times, access to a complete and reliable data set helps you to understand your real estate portfolio, the amount of space you have and leasing events.
In today’s uncertainty, the importance of risk mitigation procedures has crystallized, and so too has the need for robust data in building business continuity plans and optimizing your real estate portfolio so that it is future-proof and compliant. It is these databases which will empower us to stay ahead of the curve, in the hopes of flattening the curve.
Reach out to [email protected] to understand how CBRE can assist in developing a lease administration system to provide governance and risk mitigation now.
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