PROPERTY MANAGEMENT FOR CORPORATE REAL ESTATE

Catalog description

A company's largest expense, after the cost of employees, is corporate real estate related. This includes the space in which employees are housed, and often this is leased space, not owned. Property Managers are faced with constantly changing space needs whether the organization is expanding,downsizing, or relocating. Being able to correctly understand and project the needs of a corporate real estate tenant in order to negotiate the best lease in the best location will ultimately save the organization time and dollars. This course will focus on how to understand programming requirements for the corporate real estate tenants needs, determine how much square footage is required and how to investigate potential new space and understand the associated lease. (3 credits) spring