Skip to content
Search Our Site:

    Conflict-Free Solutions

    for Users of Commercial Real Estate.


    If you're transacting real estate, evaluating real estate, or managing real estate—we can help.

    CONFLICT-FREE SOLUTIONS
    for Users of Commercial Real Estate.

    If you're transacting real estate, evaluating real estate, or managing real estate—we can help.

    Real Estate Aligned with Your Business Goals


    We understand that real estate is one of your largest assets and occupancy costs are one of your largest expenses.

    As commercial real estate brokers and advisors, we’ve helped countless organizations across the globe navigate the challenges of commercial real estate decision-making and transaction execution. The results are real estate solutions that align with your unique business objectives.

    markets-min

    Best in Class in Every Market in the World

    Are you transacting commercial real estate?

    Whether you are leasing, buying, subleasing, selling or anything in between, we can help.

    Are you evaluating commercial real estate?

    Whether you need help optimizing your real estate portfolio, or guidance making a decision about a specific real estate asset, we can help.

    Are you managing commercial real estate?

    Whether you need to outsource the management of your facilities entirely or you need additional support for your in-house team — from bricks and mortar to nuts and bolts, we can help.

    Ready to Talk?

    Latest Insights


    (BlogPost: {CMSContentType=Optional[BLOG_POST], ab=false, abMaster=false, abStatus=null, abTestId=null, abVariation=false, abVariationAutomated=false, absoluteUrl=https://allegrorealty.com/articles/facility-management-trends-you-should-know, afterPostBody=null, allModules=1 object module(s) and 0 layout section module(s), allWidgets=[{body={module_id=79002237368, title_image={alt=building68, height=600, max_height=600, max_width=800, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/building68.jpg, width=800}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}], allowedSlugConflict=false, allowedSlugConflictColumn=false, ampUrl=https://allegrorealty.com/articles/facility-management-trends-you-should-know?hs_amp=true, analytics=null, analyticsFieldsMap={CONTENT_GROUP_ID=long_value: 77566846315
    , BLOG_AUTHOR_ID=long_value: 80349422875
    , TAG_IDS=long_list_value {
      long_value: 77269686306
      long_value: 77269686313
      long_value: 77269686336
    }
    , NAME=string_value: "3 Facility Management Trends You Should Know"
    , HTML_TITLE=string_value: "3 Facility Management Trends You Should Know"
    , PUBLISH_STATUS_ID=long_value: 2
    , URL=string_value: "https://allegrorealty.com/articles/facility-management-trends-you-should-know"
    , CREATED_TIMESTAMP=long_value: 1673045645539
    , PUBLISHED_TIMESTAMP=long_value: 1675355520000
    , CAMPAIGN_GUIDS=string_list_value {
      string_value: "1cc4da4d-f5e6-4701-86a3-444580a2b2be"
    }
    , CONTENT_TYPE_CODE=long_value: 3
    }, analyticsForeignIndexObjectType=Optional[BLOG_POST], analyticsPageId=97627305584, analyticsPageType=blog-post, approvalStatus=null, archived=false, archivedAt=0, archivedInDashboard=false, areCommentsAllowed=true, attachedStylesheets=[], audienceAccess=PUBLIC, author=null, authorAt=1675355520529, authorEmail=null, authorFullName=null, authorId=13028929, authorName=null, authorUserId=13028929, authorUsername=null, automated=false, automatedAbMaster=false, blogAuthor=Allegro, blogAuthorId=80349422875, blogPostAuthor=Allegro, blogPostScheduleTaskUid=null, blogPublishInstantEmailCampaignId=null, blogPublishInstantEmailRetryCount=0, blogPublishInstantEmailTaskUid=null, blogPublishToSocialMediaTask=DONE_NOT_SENT, blueprintTypeId=0, body=BlogPost 97627305584 3 Facility Management Trends You Should Know, businessUnitId=null, campaign=1cc4da4d-f5e6-4701-86a3-444580a2b2be, campaignName=Blog, campaignUtm=Blog, category=BLOG_POST, categoryId=3, clonedFrom=96212951175, commentCount=0, commentList=[], composeBody=null, compositionId=0, contentAccessRuleIds=[], contentAccessRuleTypes=[], contentGroup=77566846315, contentGroupId=77566846315, contentGroupIdForDb=77566846315, contentTypeCategory=BLOG_POST, contentTypeCategoryId=3, contentTypeId=null, cosObjectType=CONTENT, created=1673045645539, createdById=47798719, createdTime=2023-01-06T22:54:05.539Z, crmObjectId=null, css={}, cssText=, ctaClicks=null, ctaViews=null, currentState=PUBLISHED, currentlyPublished=true, deferDynamicValues=false, deletedAt=0, deletedBy=null, domain=, dynamicPageDataSourceCrmObject=false, dynamicPageDataSourceDataQuery=false, dynamicPageDataSourceHubDbTable=false, dynamicPageDataSourceId=null, dynamicPageDataSourceType=null, dynamicPageHubDbTableId=null, enableDomainStylesheets=null, enableDomainStylesheetsColumn=null, enableGoogleAmpOutput=true, enableGoogleAmpOutputOverride=false, enableLayoutStylesheets=null, enableLayoutStylesheetsColumn=null, errors=[], featuredImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg, featuredImageAltText=facility management, featuredImageAltTextColumn=null, featuredImageColumn=null, featuredImageHeight=1080, featuredImageLength=0, featuredImageWidth=1920, flexAreas={}, folderId=null, footerHtml=null, freezeDate=1675355520000, generateJsonLdEnabled=false, generateJsonLdEnabledOverride=true, hasContentAccessRules=false, hasUserChanges=true, headHtml=null, header=null, htmlTitle=3 Facility Management Trends You Should Know, htmlTitleColumn=null, id=97627305584, includeDefaultCustomCss=null, includeDefaultCustomCssColumn=null, isCaptchaRequired=false, isDraft=false, isInstantEmailEnabled=false, isPublished=true, isSocialPublishingEnabled=false, isStagedPage=false, jsonBody={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"3 Facility Management Trends You Should Know","composition_id":0,"post_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"></p>","post_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>\n<h2>1. Adapting to New Office Environments</h2>\n<p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>\n<h3>Remote Work and Hybrid Schedules</h3>\n<p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>\n<p>Because of this change to office environments, facilities managers will need to consider <span style=\"font-weight: bold;\">how to optimize space management, utility consumption, and security</span>.</p>\n<h3>Collaboration</h3>\n<p><span style=\"font-weight: bold;\">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>\n<h2>2. Embracing Technology</h2>\n<p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>\n<h3>Management Systems</h3>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Utilizing a <span style=\"font-weight: bold;\">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style=\"font-weight: bold;\">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Companies are also taking advantage of <a href=\"/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\" rel=\"noopener\" style=\"font-weight: bold;\">computerized maintenance management systems</a><span style=\"font-weight: bold;\"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>\n<h3>Work Order Systems</h3>\n<p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href=\"/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\" rel=\"noopener\"><span style=\"font-weight: bold;\">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>\n<h2>3. Incorporating Sustainability and Efficiency</h2>\n<p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>\n<h3>Reduced Carbon Footprint</h3>\n<p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href=\"/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability\" rel=\"noopener\">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>\n<h3>Sensor Technology</h3>\n<p>Many facilities are deploying <span style=\"font-weight: bold;\">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href=\"https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns.\" rel=\"noopener\">can reach 40%</a>.</p>\n<h3>Rooftop Solar Panels</h3>\n<p>As more companies look for sustainable alternatives, the use of <span style=\"font-weight: bold;\">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>\n<ul>\n<li>&nbsp;Lower electric bills.</li>\n<li>&nbsp;Green brand image.</li>\n<li>&nbsp;An increase in property value.</li>\n<li>&nbsp;Tax breaks.</li>\n<li>&nbsp;Mitigation of power outage risk.</li>\n</ul>\n<p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>\n<h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>\n<p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href=\"/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F\" rel=\"noopener\">downloading our free resource</a> to learn more about our step-by-step approach.</p>\n<p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","rss_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"></p>","rss_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>\n<h2>1. Adapting to New Office Environments</h2>\n<p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>\n<h3>Remote Work and Hybrid Schedules</h3>\n<p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>\n<p>Because of this change to office environments, facilities managers will need to consider <span style=\"font-weight: bold;\">how to optimize space management, utility consumption, and security</span>.</p>\n<h3>Collaboration</h3>\n<p><span style=\"font-weight: bold;\">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>\n<h2>2. Embracing Technology</h2>\n<p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>\n<h3>Management Systems</h3>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Utilizing a <span style=\"font-weight: bold;\">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style=\"font-weight: bold;\">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Companies are also taking advantage of <a href=\"/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\" rel=\"noopener\" style=\"font-weight: bold;\">computerized maintenance management systems</a><span style=\"font-weight: bold;\"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>\n<h3>Work Order Systems</h3>\n<p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href=\"/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\" rel=\"noopener\"><span style=\"font-weight: bold;\">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>\n<h2>3. Incorporating Sustainability and Efficiency</h2>\n<p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>\n<h3>Reduced Carbon Footprint</h3>\n<p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href=\"/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability\" rel=\"noopener\">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>\n<h3>Sensor Technology</h3>\n<p>Many facilities are deploying <span style=\"font-weight: bold;\">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href=\"https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns.\" rel=\"noopener\">can reach 40%</a>.</p>\n<h3>Rooftop Solar Panels</h3>\n<p>As more companies look for sustainable alternatives, the use of <span style=\"font-weight: bold;\">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>\n<ul>\n<li>&nbsp;Lower electric bills.</li>\n<li>&nbsp;Green brand image.</li>\n<li>&nbsp;An increase in property value.</li>\n<li>&nbsp;Tax breaks.</li>\n<li>&nbsp;Mitigation of power outage risk.</li>\n</ul>\n<p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>\n<h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>\n<p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href=\"/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F\" rel=\"noopener\">downloading our free resource</a> to learn more about our step-by-step approach.</p>\n<p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","tag_ids":[77269686306,77269686313,77269686336],"topic_ids":[77269686306,77269686313,77269686336],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":0,"keywords":[],"header":null,"password":null,"published_at":1675355520523,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"facility management","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":"Blog","campaign_utm":"Blog","meta_keywords":null,"meta_description":"As the world and economy evolve, it’s important to stay informed on major trends impacting facility management. Click to learn more.","tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":"","performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":13028929,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":false,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":96212951175,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg","featured_image_width":1920,"featured_image_height":1080,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"3 Facility Management Trends You Should Know","composition_id":0,"post_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"></p>","post_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>\n<h2>1. Adapting to New Office Environments</h2>\n<p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>\n<h3>Remote Work and Hybrid Schedules</h3>\n<p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>\n<p>Because of this change to office environments, facilities managers will need to consider <span style=\"font-weight: bold;\">how to optimize space management, utility consumption, and security</span>.</p>\n<h3>Collaboration</h3>\n<p><span style=\"font-weight: bold;\">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>\n<h2>2. Embracing Technology</h2>\n<p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>\n<h3>Management Systems</h3>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Utilizing a <span style=\"font-weight: bold;\">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style=\"font-weight: bold;\">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Companies are also taking advantage of <a href=\"/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\" rel=\"noopener\" style=\"font-weight: bold;\">computerized maintenance management systems</a><span style=\"font-weight: bold;\"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>\n<h3>Work Order Systems</h3>\n<p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href=\"/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\" rel=\"noopener\"><span style=\"font-weight: bold;\">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>\n<h2>3. Incorporating Sustainability and Efficiency</h2>\n<p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>\n<h3>Reduced Carbon Footprint</h3>\n<p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href=\"/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability\" rel=\"noopener\">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>\n<h3>Sensor Technology</h3>\n<p>Many facilities are deploying <span style=\"font-weight: bold;\">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href=\"https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns.\" rel=\"noopener\">can reach 40%</a>.</p>\n<h3>Rooftop Solar Panels</h3>\n<p>As more companies look for sustainable alternatives, the use of <span style=\"font-weight: bold;\">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>\n<ul>\n<li>&nbsp;Lower electric bills.</li>\n<li>&nbsp;Green brand image.</li>\n<li>&nbsp;An increase in property value.</li>\n<li>&nbsp;Tax breaks.</li>\n<li>&nbsp;Mitigation of power outage risk.</li>\n</ul>\n<p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>\n<h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>\n<p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href=\"/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F\" rel=\"noopener\">downloading our free resource</a> to learn more about our step-by-step approach.</p>\n<p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","rss_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"></p>","rss_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href=\"/facility-management-services/facility-management\" rel=\"noopener\">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href=\"/articles/ways-facilities-management-adds-value-to-your-organization\" rel=\"noopener\">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>\n<p class=\"entry-content\"><!--more--></p>\n<p><span style=\"font-weight: bold;\">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>\n<h2>1. Adapting to New Office Environments</h2>\n<p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>\n<h3>Remote Work and Hybrid Schedules</h3>\n<p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>\n<p>Because of this change to office environments, facilities managers will need to consider <span style=\"font-weight: bold;\">how to optimize space management, utility consumption, and security</span>.</p>\n<h3>Collaboration</h3>\n<p><span style=\"font-weight: bold;\">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>\n<h2>2. Embracing Technology</h2>\n<p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>\n<h3>Management Systems</h3>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Utilizing a <span style=\"font-weight: bold;\">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style=\"font-weight: bold;\">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>\n<p><span style=\"font-size: 11px; color: #000000;\"><span style=\"font-size: 18px;\">Companies are also taking advantage of <a href=\"/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\" rel=\"noopener\" style=\"font-weight: bold;\">computerized maintenance management systems</a><span style=\"font-weight: bold;\"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>\n<h3>Work Order Systems</h3>\n<p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href=\"/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\" rel=\"noopener\"><span style=\"font-weight: bold;\">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>\n<h2>3. Incorporating Sustainability and Efficiency</h2>\n<p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>\n<h3>Reduced Carbon Footprint</h3>\n<p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href=\"/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability\" rel=\"noopener\">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>\n<h3>Sensor Technology</h3>\n<p>Many facilities are deploying <span style=\"font-weight: bold;\">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href=\"https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns.\" rel=\"noopener\">can reach 40%</a>.</p>\n<h3>Rooftop Solar Panels</h3>\n<p>As more companies look for sustainable alternatives, the use of <span style=\"font-weight: bold;\">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>\n<ul>\n<li>&nbsp;Lower electric bills.</li>\n<li>&nbsp;Green brand image.</li>\n<li>&nbsp;An increase in property value.</li>\n<li>&nbsp;Tax breaks.</li>\n<li>&nbsp;Mitigation of power outage risk.</li>\n</ul>\n<p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>\n<h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>\n<p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href=\"/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F\" rel=\"noopener\">downloading our free resource</a> to learn more about our step-by-step approach.</p>\n<p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<p class=\"entry-content\"><!-- .entry-footer --></p>\n<!-- .entry-content -->","tag_ids":[77269686306,77269686313,77269686336],"topic_ids":[77269686306,77269686313,77269686336],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":0,"keywords":[],"header":null,"password":null,"published_at":1675355520523,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"facility management","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":"Blog","campaign_utm":"Blog","meta_keywords":null,"meta_description":"As the world and economy evolve, it’s important to stay informed on major trends impacting facility management. Click to learn more.","tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":"","performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":13028929,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":false,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":96212951175,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg","featured_image_width":1920,"featured_image_height":1080,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyMap={tag_ids=[77269686306, 77269686313, 77269686336], featured_image_alt_text=facility management, layout_sections={}, blog_publish_instant_email_retry_count=0, css={}, topic_ids=[77269686306, 77269686313, 77269686336], css_text=, featured_image_width=1920, featured_image_height=1080, featured_image=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg, html_title=3 Facility Management Trends You Should Know, campaign_name=Blog, campaign_utm=Blog, generate_json_ld_enabled=true, has_user_changes=true, attached_stylesheets=[], composition_id=0, allowed_slug_conflict=false, enable_google_amp_output_override=false, blog_publish_to_social_media_task=DONE_NOT_SENT, cloned_from=96212951175, published_by_id=13028929}, keywords=[], label=3 Facility Management Trends You Should Know, language=en, languageVariant=false, layoutSections={}, legacyBlogTabid=null, legacyId=null, legacyPostGuid=, linkRelCanonicalUrl=null, linkRelCanonicalUrlColumn=null, listTemplate=, liveDomain=allegrorealty.com, mab=false, mabExperimentId=null, mabMaster=false, mabVariant=false, majorVersion=0, metaDescription=As the world and economy evolve, it’s important to stay informed on major trends impacting facility management. Click to learn more., metaKeywords=null, migratedLegacyPost=false, name=3 Facility Management Trends You Should Know, nextPostFeaturedImage=null, nextPostFeaturedImageAltText=null, nextPostName=null, nextPostSlug=null, onlyIdSlug=false, pageExpiryDate=null, pageExpiryDateColumn=null, pageExpiryRedirectId=null, pageExpiryRedirectIdColumn=null, pageExpiryRedirectUrl=null, pageExpiryRedirectUrlColumn=null, pageRedirectedColumn=false, pageTitle=3 Facility Management Trends You Should Know, parentBlog='Articles' blog (77566846315) of hub id 6374170, password=null, passwordColumn=null, pastMabExperimentIds=[], performableGuid=null, performableVariationLetter=null, permissionedObjectType=Optional[BLOG_POST], personas=[], placementGuids=[], portableKey=null, portalId=6374170, position=null, postBody=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>
    <p class="entry-content"><!--more--></p>
    <p><span style="font-weight: bold;">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>
    <h2>1. Adapting to New Office Environments</h2>
    <p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>
    <h3>Remote Work and Hybrid Schedules</h3>
    <p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>
    <p>Because of this change to office environments, facilities managers will need to consider <span style="font-weight: bold;">how to optimize space management, utility consumption, and security</span>.</p>
    <h3>Collaboration</h3>
    <p><span style="font-weight: bold;">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>
    <h2>2. Embracing Technology</h2>
    <p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>
    <h3>Management Systems</h3>
    <p><span style="font-size: 11px; color: #000000;"><span style="font-size: 18px;">Utilizing a <span style="font-weight: bold;">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style="font-weight: bold;">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>
    <p><span style="font-size: 11px; color: #000000;"><span style="font-size: 18px;">Companies are also taking advantage of <a href="/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms" rel="noopener" style="font-weight: bold;">computerized maintenance management systems</a><span style="font-weight: bold;"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>
    <h3>Work Order Systems</h3>
    <p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href="/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests" rel="noopener"><span style="font-weight: bold;">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>
    <h2>3. Incorporating Sustainability and Efficiency</h2>
    <p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>
    <h3>Reduced Carbon Footprint</h3>
    <p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href="/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability" rel="noopener">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>
    <h3>Sensor Technology</h3>
    <p>Many facilities are deploying <span style="font-weight: bold;">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href="https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns." rel="noopener">can reach 40%</a>.</p>
    <h3>Rooftop Solar Panels</h3>
    <p>As more companies look for sustainable alternatives, the use of <span style="font-weight: bold;">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>
    <ul>
    <li>&nbsp;Lower electric bills.</li>
    <li>&nbsp;Green brand image.</li>
    <li>&nbsp;An increase in property value.</li>
    <li>&nbsp;Tax breaks.</li>
    <li>&nbsp;Mitigation of power outage risk.</li>
    </ul>
    <p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>
    <h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>
    <p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href="/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F" rel="noopener">downloading our free resource</a> to learn more about our step-by-step approach.</p>
    <p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>
    <p style="text-align: center;"><!--HubSpot Call-to-Action Code --> <span class="hs-cta-wrapper" id="hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921"> <span class="hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921" id="bf95543d-915d-4128-b3e0-620ded7a5921" style="visibility: visible;" data-hs-drop="true"><a id="cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107" class="cta_button" href="https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b" cta_dest_link="https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/"></a></span>
    <script charset="utf-8" src="//js.hubspot.com/cta/current.js"></script>
    <script type="text/javascript">
    		hbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});
    		</script>
    </span> <!-- end HubSpot Call-to-Action Code --></p>
    <p class="entry-content"><!-- .entry-footer --></p>
    <!-- .entry-content -->, postBodyRss=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>
    <p class="entry-content"><!--more--></p>
    <p><span style="font-weight: bold;">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>
    <h2>1. Adapting to New Office Environments</h2>
    <p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>
    <h3>Remote Work and Hybrid Schedules</h3>
    <p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>
    <p>Because of this change to office environments, facilities managers will need to consider <span style="font-weight: bold;">how to optimize space management, utility consumption, and security</span>.</p>
    <h3>Collaboration</h3>
    <p><span style="font-weight: bold;">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>
    <h2>2. Embracing Technology</h2>
    <p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>
    <h3>Management Systems</h3>
    <p><span style="font-size: 11px; color: #000000;"><span style="font-size: 18px;">Utilizing a <span style="font-weight: bold;">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style="font-weight: bold;">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>
    <p><span style="font-size: 11px; color: #000000;"><span style="font-size: 18px;">Companies are also taking advantage of <a href="/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms" rel="noopener" style="font-weight: bold;">computerized maintenance management systems</a><span style="font-weight: bold;"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>
    <h3>Work Order Systems</h3>
    <p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href="/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests" rel="noopener"><span style="font-weight: bold;">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>
    <h2>3. Incorporating Sustainability and Efficiency</h2>
    <p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>
    <h3>Reduced Carbon Footprint</h3>
    <p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href="/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability" rel="noopener">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>
    <h3>Sensor Technology</h3>
    <p>Many facilities are deploying <span style="font-weight: bold;">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href="https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns." rel="noopener">can reach 40%</a>.</p>
    <h3>Rooftop Solar Panels</h3>
    <p>As more companies look for sustainable alternatives, the use of <span style="font-weight: bold;">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>
    <ul>
    <li>&nbsp;Lower electric bills.</li>
    <li>&nbsp;Green brand image.</li>
    <li>&nbsp;An increase in property value.</li>
    <li>&nbsp;Tax breaks.</li>
    <li>&nbsp;Mitigation of power outage risk.</li>
    </ul>
    <p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>
    <h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>
    <p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href="/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F" rel="noopener">downloading our free resource</a> to learn more about our step-by-step approach.</p>
    <p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>
    <p style="text-align: center;"><!--HubSpot Call-to-Action Code --> <span class="hs-cta-wrapper" id="hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921"> <span class="hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921" id="bf95543d-915d-4128-b3e0-620ded7a5921" style="visibility: visible;" data-hs-drop="true"><a id="cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107" class="cta_button" href="https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b" cta_dest_link="https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/"></a></span>
    <script charset="utf-8" src="//js.hubspot.com/cta/current.js"></script>
    <script type="text/javascript">
    		hbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});
    		</script>
    </span> <!-- end HubSpot Call-to-Action Code --></p>
    <p class="entry-content"><!-- .entry-footer --></p>
    <!-- .entry-content -->, postEmailContent=<div class="entry-header table"> 
     <div class="cell">
      <!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    -->
     </div> 
    </div> 
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg, postListContent=<div class="entry-header table"> 
     <div class="cell">
      <!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    -->
     </div> 
    </div> 
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg, postRssContent=<div class="entry-header table"> 
     <div class="cell">
      <!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    -->
     </div> 
    </div> 
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg, postSummary=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>
    <p class="entry-content"></p>, postSummaryRss=<div class="entry-header table"> 
     <div class="cell">
      <!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    -->
     </div> 
    </div> 
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>, postTemplate=AllegroHS/templates/single-articles.html, potentiallyStale=true, previewImageSrc=null, previewKey=mKeWYSpa, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/PropertyRezoning.jpg, previousPostFeaturedImageAltText=people adjusting commercial zoning to increase CRE value, previousPostName=How To Adjust Commercial Zoning To Increase Value, previousPostSlug=articles/how-to-adjust-commercial-zoning-to-increase-value, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2023-02-02 16:32:00, publishDateLocalTime=2023-02-02T16:32Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@7a8aac83, publishDateLong=1675355520000, publishDateSnakeCaseLong=1675355520000, publishImmediately=false, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1675355520523, publishedByEmail=null, publishedById=13028929, publishedByName=null, publishedUrl=https://allegrorealty.com/articles/facility-management-trends-you-should-know, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>
    <p class="entry-content"><!--more--></p>
    <p><span style="font-weight: bold;">Now is the perfect time to reevaluate your facility management strategy and find the right solution for your company.</span> Below are three major trends that will impact facility management this year and beyond.</p>
    <h2>1. Adapting to New Office Environments</h2>
    <p>With younger generations joining the workforce and newer work models with different priorities, facilities managers may need to adjust physical office space, security requirements, and utility use.</p>
    <h3>Remote Work and Hybrid Schedules</h3>
    <p>As remote work and hybrid schedules become more commonplace, employers might be in and out of the office at different times, and need resources unexpectedly and unpredictably. For example, you may need a smaller space with adjusted amenities due to more employees working from home.</p>
    <p>Because of this change to office environments, facilities managers will need to consider <span style="font-weight: bold;">how to optimize space management, utility consumption, and security</span>.</p>
    <h3>Collaboration</h3>
    <p><span style="font-weight: bold;">Collaborative workspaces</span> are vital as younger generations step into the workspace. Employees are seeking more and more opportunities for collaboration, which includes physical spaces as well as digital tools. If your existing space is not suitable for collaboration, rearrangement or renovation may be necessary.</p>
    <h2>2. Embracing Technology</h2>
    <p>Adopting new technologies relevant to commercial real estate management can help you run smoother operations and improve employee satisfaction.</p>
    <h3>Management Systems</h3>
    <p><span style="font-size: 11px; color: #000000;"><span style="font-size: 18px;">Utilizing a <span style="font-weight: bold;">building management system and software</span> can help you tackle challenges surrounding day-to-day building operations. An integrated <span style="font-weight: bold;">building management system (BMS)</span> entails connecting technology to streamline operations and procedures to help you run a smarter building. The right BMS can result in reduced operating costs, valuable data insights, and increased property value.</span></span></p>
    <p><span style="font-size: 11px; color: #000000;"><span style="font-size: 18px;">Companies are also taking advantage of <a href="/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms" rel="noopener" style="font-weight: bold;">computerized maintenance management systems</a><span style="font-weight: bold;"> (CMMS)</span>. Some benefits of cloud-based CMMS include faster and less expensive service, greater accessibility and availability, improved collaboration, easy data sharing, and real-time monitoring and updates.</span></span></p>
    <h3>Work Order Systems</h3>
    <p>Work order requests address facilities management issues that arise quickly and effectively. Implementing intuitive <a href="/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests" rel="noopener"><span style="font-weight: bold;">work order software</span></a> can result in better time management, along with quantifiable cost savings.&nbsp;</p>
    <h2>3. Incorporating Sustainability and Efficiency</h2>
    <p>Prioritizing sustainability in facility management practices can lead to both better working conditions for employees and lower operational costs for your organization. Here are just a few ways to incorporate sustainability and efficiency into your FM.&nbsp;</p>
    <h3>Reduced Carbon Footprint</h3>
    <p>With an overall increased focus on environmental issues, businesses are seeking ways to reduce their carbon footprint and increase efficiency. <a href="/articles/how-to-maximize-your-industrial-space-for-energy-efficiency-and-sustainability" rel="noopener">Sustainable practices</a> include energy-efficient lighting, recycling programs, and building operations optimization.&nbsp;</p>
    <h3>Sensor Technology</h3>
    <p>Many facilities are deploying <span style="font-weight: bold;">sensor technology</span> throughout buildings. These intelligent devices can communicate with HVAC systems to ensure high levels of efficiency depending on how many people are in the building and where they are located. Energy savings with sensor-driven building optimization <a href="https://www.epitomeinfotech.com/blogs/how-technology-is-disrupting-facilities-management-2022-trends#:~:text=Sensor%2Ddriven%20building%20optimization%20typically,extract%20usage%20and%20consumption%20patterns." rel="noopener">can reach 40%</a>.</p>
    <h3>Rooftop Solar Panels</h3>
    <p>As more companies look for sustainable alternatives, the use of <span style="font-weight: bold;">rooftop solar panels</span> on commercial buildings has become increasingly widespread. The benefits include:&nbsp;</p>
    <ul>
    <li>&nbsp;Lower electric bills.</li>
    <li>&nbsp;Green brand image.</li>
    <li>&nbsp;An increase in property value.</li>
    <li>&nbsp;Tax breaks.</li>
    <li>&nbsp;Mitigation of power outage risk.</li>
    </ul>
    <p>Getting ahead of facility management trends like evolving office spaces, advanced technology, and sustainability can give your company an unexpected edge, and increase the value of your real estate portfolio.</p>
    <h2><strong>Need Facilities Management Support? &nbsp;</strong></h2>
    <p>Allegro can support your current in-house resources or become your single-source facility management solution. We will get to know your properties, set a realistic budget and portfolio expectation, and come up with a process that works for you. Start by <a href="/facility-management-services/facility-management#:~:text=Want%20to%20see%20our%0Astep%2Dby%2Dstep%20process%3F" rel="noopener">downloading our free resource</a> to learn more about our step-by-step approach.</p>
    <p>{{cta('4a320e27-e373-4664-9d72-02fd0d8153cf','justifycenter')}}</p>
    <p style="text-align: center;"><!--HubSpot Call-to-Action Code --> <span class="hs-cta-wrapper" id="hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921"> <span class="hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921" id="bf95543d-915d-4128-b3e0-620ded7a5921" style="visibility: visible;" data-hs-drop="true"><a id="cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107" class="cta_button" href="https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b" cta_dest_link="https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/"></a></span>
    <script charset="utf-8" src="//js.hubspot.com/cta/current.js"></script>
    <script type="text/javascript">
    		hbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});
    		</script>
    </span> <!-- end HubSpot Call-to-Action Code --></p>
    <p class="entry-content"><!-- .entry-footer --></p>
    <!-- .entry-content -->, rssSummary=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <p>Managing the day-to-day needs of your real estate can be complex and time-consuming, and ineffective management can negatively impact your bottom line and your customers or staff. Learning about the latest trends and best practices in facility management can help you maximize the value, functionality, and efficiency of your facilities.<br><br><a href="/facility-management-services/facility-management" rel="noopener">Facility management</a> involves the proactive and reactive maintenance required to maintain the desired value, functionality, comfort, safety, and efficiency of your building(s). Facility management <a href="/articles/ways-facilities-management-adds-value-to-your-organization" rel="noopener">adds value</a> to your portfolio by reducing costs, improving organizational culture, improving the work environment, and enhancing security.</p>
    <p class="entry-content"></p>, rssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/FMtrends.jpg, safeFeaturedImageAltText=facility management, scheduledUpdateDate=0, screenshotPreviewTakenAt=1675355572483, screenshotPreviewUrl=https://cdn1.hubspot.net/hubshotv3/prod/e/0/8dd797d7-2262-4df1-ab07-e581983485e9.png, sections={}, securityState=NONE, siteId=null, slug=articles/facility-management-trends-you-should-know, stagedFrom=null, state=PUBLISHED, stateWhenDeleted=null, styleOverrideId=null, styleOverrideIdColumn=null, subcategory=normal_blog_post, subcategoryEnum=normal_blog_post, syncedWithBlogRoot=true, tagId=null, tagIds=[77269686306, 77269686313, 77269686336], tagList=[Consulting, Facility Management, Portfolio Management], tagNames=[Consulting, Facility Management, Portfolio Management], tagsForBuffer=[77269686306, 77269686313, 77269686336], targetObjectType=BLOG_POST, teamPerms=[], templatePath=, templatePathForRender=AllegroHS/templates/single-articles.html, themePath=null, themeSettingsValues=null, title=3 Facility Management Trends You Should Know, tmsId=null, topicId=null, topicIds=[77269686306, 77269686313, 77269686336], topicList=[Consulting, Facility Management, Portfolio Management], topicNames=[Consulting, Facility Management, Portfolio Management], translatedContent={}, translatedContentEnumMap={}, translatedFromId=null, translations={}, tweet=null, tweetAt=null, tweetImmediately=false, unpublishedAt=0, updated=1675355520529, updatedById=13028929, updatedDateTime=2023-02-02T16:32:00.529Z, upsizeFeaturedImage=false, url=https://allegrorealty.com/articles/facility-management-trends-you-should-know, useFeaturedImage=true, useFeaturedImageColumn=false, userPerms=[], views=null, visibleToAll=null, widgetContainers={}, widgetcontainers={}, widgets={module_16576370385602={body={module_id=79002237368, title_image={alt=building68, height=600, max_height=600, max_width=800, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/building68.jpg, width=800}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}}})
    facility management
    3 Facility Management Trends You Should Know
    View Article arrow
    (BlogPost: {CMSContentType=Optional[BLOG_POST], ab=false, abMaster=false, abStatus=null, abTestId=null, abVariation=false, abVariationAutomated=false, absoluteUrl=https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide, afterPostBody=null, allModules=2 object module(s) and 0 layout section module(s), allWidgets=[{body={hero_image={alt=hero-resources-2, height=374, loading=lazy, max_height=374, max_width=1370, size_type=auto, src=https://6374170.fs1.hubspotusercontent-na1.net/hub/6374170/hubfs/hero-resources-2.jpg?width=1369&quality=high, width=1370}, module_id=79002237368, title_image={alt=Allegro_Whitepaper_Optimization, height=397, loading=lazy, max_height=397, max_width=512, size_type=auto, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, width=512}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}, {body={form_title=Access The Full White Paper:, module_id=79002482285, paper_excerpt=<p>Economic change, both positive and negative, has a direct impact on business strategy. Think: As consumer spending slows and revenues drop, companies may cut back on hiring employees or buying new equipment. If spending increases, new employees and more materials are needed to adapt to this change.</p>
    <p>Your corporate real estate—the physical embodiment of corporate strategy—is not different. As the first or second expense on an income statement, it’s important that your real estate continuously supports your<br>business goals.</p>
    <p>As the economy ebbs and flows, business leaders often recognize that their existing commercial real estate portfolio no longer aligns with their needs.</p>, paper_form={form_id=379fb75a-1f6f-4cb4-9b29-f4762f9c6848, response_type=inline, message=<p>Thanks for downloading the guide. <a href="https://f.hubspotusercontent20.net/hubfs/6374170/Portfolio%20Optimization%20Whitepaper/Allegro%20Realty%20Portfolio%20Optimization%20Whitepaper.pdf" target="_blank" rel="noopener"><strong>Click here to download it.</strong></a></p>
    <p>We'll also email you a copy shortly so you can access the whitepaper at any time.</p>
    <p>For more resources like this, <a href="https://www.allegrorealty.com/blog\" target="_blank" rel="noopener">check out our blog</a>.</p>, gotowebinar_webinar_key=null, form_type=HUBSPOT}, white_paper_copy=<p><span>It’s the first or second expense on an income statement. It’s the physical embodiment of your corporate strategy. <strong>It’s your commercial real estate portfolio, and if it’s not optimized to continuously support your business goals, you could be missing out on massive financial gains.&nbsp;</strong></span><span></span></p>
    <p><span>That’s why we created this free resource: </span><strong>“Portfolio Optimization: The Essential Corporate Real Estate Guide.”</strong><span></span></p>
    <p><span id="m_-5107931455289124614gmail-docs-internal-guid-a86c6230-7fff-89b2-2a5c-25a1b3e5905c"></span></p>
    <p><strong>Download your free guide now!</strong></p>}, css={}, child_css={}, id=module_16576371481683, name=module_16576371481683, type=module, order=9, label=white-paper-post, smart_type=null, styles={}, module_id=79002482285}], allowedSlugConflict=false, allowedSlugConflictColumn=false, ampUrl=https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide?hs_amp=true, analytics=null, analyticsFieldsMap={CONTENT_GROUP_ID=long_value: 77571626126
    , BLOG_AUTHOR_ID=long_value: 80349422875
    , TAG_IDS=long_list_value {
      long_value: 77269686306
      long_value: 77269686345
      long_value: 77270935654
      long_value: 77570820764
    }
    , NAME=string_value: "Commercial Real Estate Portfolio Optimization Guide"
    , HTML_TITLE=string_value: "Commercial Real Estate Portfolio Optimization Guide | Allegro"
    , PUBLISH_STATUS_ID=long_value: 2
    , URL=string_value: "https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"
    , CREATED_TIMESTAMP=long_value: 1658939630448
    , PUBLISHED_TIMESTAMP=long_value: 1632888000000
    , CONTENT_TYPE_CODE=long_value: 3
    }, analyticsForeignIndexObjectType=Optional[BLOG_POST], analyticsPageId=80349429157, analyticsPageType=blog-post, approvalStatus=null, archived=false, archivedAt=0, archivedInDashboard=false, areCommentsAllowed=true, attachedStylesheets=[], audienceAccess=PUBLIC, author=null, authorAt=1670429623573, authorEmail=null, authorFullName=null, authorId=11202633, authorName=null, authorUserId=11202633, authorUsername=null, automated=false, automatedAbMaster=false, blogAuthor=Allegro, blogAuthorId=80349422875, blogPostAuthor=Allegro, blogPostScheduleTaskUid=null, blogPublishInstantEmailCampaignId=null, blogPublishInstantEmailRetryCount=null, blogPublishInstantEmailTaskUid=null, blogPublishToSocialMediaTask=DONE_NOT_SENT, blueprintTypeId=0, body=BlogPost 80349429157 Commercial Real Estate Portfolio Optimization Guide | Allegro, businessUnitId=null, campaign=null, campaignName=null, campaignUtm=null, category=BLOG_POST, categoryId=3, clonedFrom=null, commentCount=0, commentList=[], composeBody=null, compositionId=0, contentAccessRuleIds=[], contentAccessRuleTypes=[], contentGroup=77571626126, contentGroupId=77571626126, contentGroupIdForDb=77571626126, contentTypeCategory=BLOG_POST, contentTypeCategoryId=3, contentTypeId=null, cosObjectType=CONTENT, created=1658939630448, createdById=100, createdTime=2022-07-27T16:33:50.448Z, crmObjectId=null, css={}, cssText=, ctaClicks=null, ctaViews=null, currentState=PUBLISHED, currentlyPublished=true, deferDynamicValues=false, deletedAt=0, deletedBy=null, domain=, dynamicPageDataSourceCrmObject=false, dynamicPageDataSourceDataQuery=false, dynamicPageDataSourceHubDbTable=false, dynamicPageDataSourceId=null, dynamicPageDataSourceType=null, dynamicPageHubDbTableId=null, enableDomainStylesheets=null, enableDomainStylesheetsColumn=null, enableGoogleAmpOutput=true, enableGoogleAmpOutputOverride=false, enableLayoutStylesheets=null, enableLayoutStylesheetsColumn=null, errors=[], featuredImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, featuredImageAltText=, featuredImageAltTextColumn=null, featuredImageColumn=null, featuredImageHeight=397, featuredImageLength=0, featuredImageWidth=512, flexAreas={}, folderId=null, footerHtml=null, freezeDate=1632888000000, generateJsonLdEnabled=false, generateJsonLdEnabledOverride=true, hasContentAccessRules=false, hasUserChanges=true, headHtml=null, header=null, htmlTitle=Commercial Real Estate Portfolio Optimization Guide | Allegro, htmlTitleColumn=null, id=80349429157, includeDefaultCustomCss=null, includeDefaultCustomCssColumn=null, isCaptchaRequired=true, isDraft=false, isInstantEmailEnabled=false, isPublished=true, isSocialPublishingEnabled=false, isStagedPage=false, jsonBody={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"Commercial Real Estate Portfolio Optimization Guide | Allegro","composition_id":0,"post_summary":"","post_body":"","rss_summary":"","rss_body":"","tag_ids":[77269686306,77269686345,77270935654,77570820764],"topic_ids":[77269686306,77269686345,77270935654,77570820764],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"keywords":[],"header":null,"password":null,"published_at":1670429623569,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"meta_description":"CRE optimization helps you achieve business goals and respond to new challenges. Learn where to start with this free guide.","tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":11202633,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png","featured_image_width":512,"featured_image_height":397,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"Commercial Real Estate Portfolio Optimization Guide | Allegro","composition_id":0,"post_summary":"","post_body":"","rss_summary":"","rss_body":"","tag_ids":[77269686306,77269686345,77270935654,77570820764],"topic_ids":[77269686306,77269686345,77270935654,77570820764],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"keywords":[],"header":null,"password":null,"published_at":1670429623569,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"meta_description":"CRE optimization helps you achieve business goals and respond to new challenges. Learn where to start with this free guide.","tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":11202633,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png","featured_image_width":512,"featured_image_height":397,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyMap={tag_ids=[77269686306, 77269686345, 77270935654, 77570820764], featured_image_alt_text=, layout_sections={}, css={}, topic_ids=[77269686306, 77269686345, 77270935654, 77570820764], css_text=, featured_image_width=512, featured_image_height=397, featured_image=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, html_title=Commercial Real Estate Portfolio Optimization Guide | Allegro, generate_json_ld_enabled=true, has_user_changes=true, attached_stylesheets=[], composition_id=0, allowed_slug_conflict=false, enable_google_amp_output_override=false, blog_publish_to_social_media_task=DONE_NOT_SENT, published_by_id=11202633}, keywords=[], label=Commercial Real Estate Portfolio Optimization Guide, language=en, languageVariant=false, layoutSections={}, legacyBlogTabid=null, legacyId=null, legacyPostGuid=null, linkRelCanonicalUrl=null, linkRelCanonicalUrlColumn=null, listTemplate=, liveDomain=allegrorealty.com, mab=false, mabExperimentId=null, mabMaster=false, mabVariant=false, majorVersion=0, metaDescription=CRE optimization helps you achieve business goals and respond to new challenges. Learn where to start with this free guide., metaKeywords=null, migratedLegacyPost=false, name=Commercial Real Estate Portfolio Optimization Guide, nextPostFeaturedImage=null, nextPostFeaturedImageAltText=null, nextPostName=null, nextPostSlug=null, onlyIdSlug=false, pageExpiryDate=null, pageExpiryDateColumn=null, pageExpiryRedirectId=null, pageExpiryRedirectIdColumn=null, pageExpiryRedirectUrl=null, pageExpiryRedirectUrlColumn=null, pageRedirectedColumn=false, pageTitle=Commercial Real Estate Portfolio Optimization Guide | Allegro, parentBlog='White Papers' blog (77571626126) of hub id 6374170, password=null, passwordColumn=null, pastMabExperimentIds=[], performableGuid=null, performableVariationLetter=null, permissionedObjectType=Optional[BLOG_POST], personas=[], placementGuids=[], portableKey=null, portalId=6374170, position=null, postBody=, postBodyRss=, postEmailContent=, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, postListContent=, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, postRssContent=, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, postSummary=, postSummaryRss=, postTemplate=AllegroHS/templates/white-paper-post.html, potentiallyStale=true, previewImageSrc=null, previewKey=zcdNDnTq, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/AR-Portfolio-Whitepaper-Cover.png, previousPostFeaturedImageAltText=, previousPostName=Free Guide To Real Estate Portfolio Strategy, previousPostSlug=white-papers/real-estate-portfolio-strategy, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2021-09-29 04:00:00, publishDateLocalTime=2021-09-29T04:00Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@617c9a76, publishDateLong=1632888000000, publishDateSnakeCaseLong=1632888000000, publishImmediately=false, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1670429623569, publishedByEmail=null, publishedById=11202633, publishedByName=null, publishedUrl=https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=, rssSummary=, rssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, safeFeaturedImageAltText=Commercial Real Estate Portfolio Optimization Guide | Allegro, scheduledUpdateDate=0, screenshotPreviewTakenAt=1670429623791, screenshotPreviewUrl=https://cdn1.hubspot.net/hubshotv3/prod/e/0/ac599d47-5441-44f4-9f7c-06ded87f2eff.png, sections={}, securityState=NONE, siteId=null, slug=white-papers/commercial-real-estate-portfolio-optimization-guide, stagedFrom=null, state=PUBLISHED, stateWhenDeleted=null, styleOverrideId=null, styleOverrideIdColumn=null, subcategory=imported_blog_post, subcategoryEnum=imported_blog_post, syncedWithBlogRoot=true, tagId=null, tagIds=[77269686306, 77269686345, 77270935654, 77570820764], tagList=[Consulting, Portfolio Optimization, Service Line, Service], tagNames=[Consulting, Portfolio Optimization, Service Line, Service], tagsForBuffer=[77269686306, 77269686345, 77270935654, 77570820764], targetObjectType=BLOG_POST, teamPerms=[], templatePath=, templatePathForRender=AllegroHS/templates/white-paper-post.html, themePath=null, themeSettingsValues=null, title=Commercial Real Estate Portfolio Optimization Guide | Allegro, tmsId=null, topicId=null, topicIds=[77269686306, 77269686345, 77270935654, 77570820764], topicList=[Consulting, Portfolio Optimization, Service Line, Service], topicNames=[Consulting, Portfolio Optimization, Service Line, Service], translatedContent={}, translatedContentEnumMap={}, translatedFromId=null, translations={}, tweet=null, tweetAt=null, tweetImmediately=false, unpublishedAt=0, updated=1670429623573, updatedById=11202633, updatedDateTime=2022-12-07T16:13:43.573Z, upsizeFeaturedImage=false, url=https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide, useFeaturedImage=true, useFeaturedImageColumn=false, userPerms=[], views=null, visibleToAll=null, widgetContainers={}, widgetcontainers={}, widgets={module_16576370385602={body={hero_image={alt=hero-resources-2, height=374, loading=lazy, max_height=374, max_width=1370, size_type=auto, src=https://6374170.fs1.hubspotusercontent-na1.net/hub/6374170/hubfs/hero-resources-2.jpg?width=1369&quality=high, width=1370}, module_id=79002237368, title_image={alt=Allegro_Whitepaper_Optimization, height=397, loading=lazy, max_height=397, max_width=512, size_type=auto, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Allegro_Whitepaper_Optimization.png, width=512}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}, module_16576371481683={body={form_title=Access The Full White Paper:, module_id=79002482285, paper_excerpt=<p>Economic change, both positive and negative, has a direct impact on business strategy. Think: As consumer spending slows and revenues drop, companies may cut back on hiring employees or buying new equipment. If spending increases, new employees and more materials are needed to adapt to this change.</p>
    <p>Your corporate real estate—the physical embodiment of corporate strategy—is not different. As the first or second expense on an income statement, it’s important that your real estate continuously supports your<br>business goals.</p>
    <p>As the economy ebbs and flows, business leaders often recognize that their existing commercial real estate portfolio no longer aligns with their needs.</p>, paper_form={form_id=379fb75a-1f6f-4cb4-9b29-f4762f9c6848, response_type=inline, message=<p>Thanks for downloading the guide. <a href="https://f.hubspotusercontent20.net/hubfs/6374170/Portfolio%20Optimization%20Whitepaper/Allegro%20Realty%20Portfolio%20Optimization%20Whitepaper.pdf" target="_blank" rel="noopener"><strong>Click here to download it.</strong></a></p>
    <p>We'll also email you a copy shortly so you can access the whitepaper at any time.</p>
    <p>For more resources like this, <a href="https://www.allegrorealty.com/blog\" target="_blank" rel="noopener">check out our blog</a>.</p>, gotowebinar_webinar_key=null, form_type=HUBSPOT}, white_paper_copy=<p><span>It’s the first or second expense on an income statement. It’s the physical embodiment of your corporate strategy. <strong>It’s your commercial real estate portfolio, and if it’s not optimized to continuously support your business goals, you could be missing out on massive financial gains.&nbsp;</strong></span><span></span></p>
    <p><span>That’s why we created this free resource: </span><strong>“Portfolio Optimization: The Essential Corporate Real Estate Guide.”</strong><span></span></p>
    <p><span id="m_-5107931455289124614gmail-docs-internal-guid-a86c6230-7fff-89b2-2a5c-25a1b3e5905c"></span></p>
    <p><strong>Download your free guide now!</strong></p>}, css={}, child_css={}, id=module_16576371481683, name=module_16576371481683, type=module, order=9, label=white-paper-post, smart_type=null, styles={}, module_id=79002482285}}})
    Commercial Real Estate Portfolio Optimization Guide
    View White Paper arrow
    (BlogPost: {CMSContentType=Optional[BLOG_POST], ab=false, abMaster=false, abStatus=null, abTestId=null, abVariation=false, abVariationAutomated=false, absoluteUrl=https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio, afterPostBody=null, allModules=1 object module(s) and 0 layout section module(s), allWidgets=[{body={title_image={size_type=auto, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, alt=university3, loading=lazy, width=800, height=600, max_width=800, max_height=600}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}], allowedSlugConflict=false, allowedSlugConflictColumn=false, ampUrl=https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio?hs_amp=true, analytics=null, analyticsFieldsMap={CONTENT_GROUP_ID=long_value: 77571626139
    , BLOG_AUTHOR_ID=long_value: 80349422875
    , TAG_IDS=long_list_value {
      long_value: 77267670076
      long_value: 77269685568
      long_value: 77269686306
      long_value: 77270935654
      long_value: 77270935677
      long_value: 77570820764
    }
    , NAME=string_value: "Allegro Procures Property Manager for Private University\342\200\231s Diverse CRE Portfolio"
    , HTML_TITLE=string_value: "Allegro Procures Property Manager for Private University\342\200\231s Diverse CRE Portfolio | Allegro"
    , PUBLISH_STATUS_ID=long_value: 2
    , URL=string_value: "https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio"
    , CREATED_TIMESTAMP=long_value: 1664805860810
    , PUBLISHED_TIMESTAMP=long_value: 1664806412683
    , CONTENT_TYPE_CODE=long_value: 3
    }, analyticsForeignIndexObjectType=Optional[BLOG_POST], analyticsPageId=86794999439, analyticsPageType=blog-post, approvalStatus=null, archived=false, archivedAt=0, archivedInDashboard=false, areCommentsAllowed=true, attachedStylesheets=[], audienceAccess=PUBLIC, author=null, authorAt=1664806412689, authorEmail=null, authorFullName=null, authorId=45397963, authorName=null, authorUserId=45397963, authorUsername=null, automated=false, automatedAbMaster=false, blogAuthor=Allegro, blogAuthorId=80349422875, blogPostAuthor=Allegro, blogPostScheduleTaskUid=null, blogPublishInstantEmailCampaignId=null, blogPublishInstantEmailRetryCount=null, blogPublishInstantEmailTaskUid=null, blogPublishToSocialMediaTask=DONE_NOT_SENT, blueprintTypeId=0, body=BlogPost 86794999439 Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, businessUnitId=null, campaign=null, campaignName=null, campaignUtm=null, category=BLOG_POST, categoryId=3, clonedFrom=null, commentCount=0, commentList=[], composeBody=null, compositionId=0, contentAccessRuleIds=[], contentAccessRuleTypes=[], contentGroup=77571626139, contentGroupId=77571626139, contentGroupIdForDb=77571626139, contentTypeCategory=BLOG_POST, contentTypeCategoryId=3, contentTypeId=null, cosObjectType=CONTENT, created=1664805860810, createdById=45397963, createdTime=2022-10-03T14:04:20.810Z, crmObjectId=null, css={}, cssText=, ctaClicks=null, ctaViews=null, currentState=PUBLISHED, currentlyPublished=true, deferDynamicValues=false, deletedAt=0, deletedBy=null, domain=, dynamicPageDataSourceCrmObject=false, dynamicPageDataSourceDataQuery=false, dynamicPageDataSourceHubDbTable=false, dynamicPageDataSourceId=null, dynamicPageDataSourceType=null, dynamicPageHubDbTableId=null, enableDomainStylesheets=null, enableDomainStylesheetsColumn=null, enableGoogleAmpOutput=true, enableGoogleAmpOutputOverride=false, enableLayoutStylesheets=null, enableLayoutStylesheetsColumn=null, errors=[], featuredImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, featuredImageAltText=, featuredImageAltTextColumn=null, featuredImageColumn=null, featuredImageHeight=600, featuredImageLength=0, featuredImageWidth=800, flexAreas={}, folderId=null, footerHtml=null, freezeDate=1664806412683, generateJsonLdEnabled=false, generateJsonLdEnabledOverride=true, hasContentAccessRules=false, hasUserChanges=true, headHtml=null, header=null, htmlTitle=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, htmlTitleColumn=null, id=86794999439, includeDefaultCustomCss=null, includeDefaultCustomCssColumn=null, isCaptchaRequired=true, isDraft=false, isInstantEmailEnabled=false, isPublished=true, isSocialPublishingEnabled=false, isStagedPage=false, jsonBody={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro","composition_id":0,"post_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","post_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","rss_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","rss_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","tag_ids":[77267670076,77269685568,77269686306,77270935654,77270935677,77570820764],"topic_ids":[77267670076,77269685568,77269686306,77270935654,77270935677,77570820764],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"keywords":[],"header":null,"password":null,"published_at":1664806412683,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"meta_description":"See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio.","tweet_immediately":false,"publish_immediately":null,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":45397963,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg","featured_image_width":800,"featured_image_height":600,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro","composition_id":0,"post_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","post_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","rss_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","rss_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","tag_ids":[77267670076,77269685568,77269686306,77270935654,77270935677,77570820764],"topic_ids":[77267670076,77269685568,77269686306,77270935654,77270935677,77570820764],"enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"keywords":[],"header":null,"password":null,"published_at":1664806412683,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"meta_description":"See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio.","tweet_immediately":false,"publish_immediately":null,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":45397963,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg","featured_image_width":800,"featured_image_height":600,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyMap={tag_ids=[77267670076, 77269685568, 77269686306, 77270935654, 77270935677, 77570820764], featured_image_alt_text=, layout_sections={}, css={}, topic_ids=[77267670076, 77269685568, 77269686306, 77270935654, 77270935677, 77570820764], css_text=, featured_image_width=800, featured_image_height=600, featured_image=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, html_title=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, generate_json_ld_enabled=true, has_user_changes=true, attached_stylesheets=[], composition_id=0, allowed_slug_conflict=false, enable_google_amp_output_override=false, blog_publish_to_social_media_task=DONE_NOT_SENT, published_by_id=45397963}, keywords=[], label=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio, language=en, languageVariant=false, layoutSections={}, legacyBlogTabid=null, legacyId=null, legacyPostGuid=null, linkRelCanonicalUrl=null, linkRelCanonicalUrlColumn=null, listTemplate=, liveDomain=allegrorealty.com, mab=false, mabExperimentId=null, mabMaster=false, mabVariant=false, majorVersion=0, metaDescription=See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio., metaKeywords=null, migratedLegacyPost=false, name=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio, nextPostFeaturedImage=null, nextPostFeaturedImageAltText=null, nextPostName=null, nextPostSlug=null, onlyIdSlug=false, pageExpiryDate=null, pageExpiryDateColumn=null, pageExpiryRedirectId=null, pageExpiryRedirectIdColumn=null, pageExpiryRedirectUrl=null, pageExpiryRedirectUrlColumn=null, pageRedirectedColumn=false, pageTitle=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, parentBlog='Case Studies' blog (77571626139) of hub id 6374170, password=null, passwordColumn=null, pastMabExperimentIds=[], performableGuid=null, performableVariationLetter=null, permissionedObjectType=Optional[BLOG_POST], personas=[], placementGuids=[], portableKey=null, portalId=6374170, position=null, postBody=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, postBodyRss=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, postEmailContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postListContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postRssContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postSummary=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    , postSummaryRss=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postTemplate=AllegroHS/templates/single-case-studies.html, potentiallyStale=true, previewImageSrc=null, previewKey=PoJzUhUX, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/office7.jpg, previousPostFeaturedImageAltText=, previousPostName=Investment Company Saves $100K in Annual Rent With Turnkey Office Build-Out, previousPostSlug=case-studies/investment-company-saves-100k-in-annual-rent-with-turnkey-office-build-out, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2022-10-03 14:13:32, publishDateLocalTime=2022-10-03T14:13:32.683Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@6212a58d, publishDateLong=1664806412683, publishDateSnakeCaseLong=1664806412683, publishImmediately=null, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1664806412683, publishedByEmail=null, publishedById=45397963, publishedByName=null, publishedUrl=https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, rssSummary=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    , rssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, safeFeaturedImageAltText=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, scheduledUpdateDate=0, screenshotPreviewTakenAt=1671977611986, screenshotPreviewUrl=https://cdn1.hubspot.net/hubshotv3/prod/e/0/76b80340-d855-4bec-af59-ce7f0677b79a.png, sections={}, securityState=NONE, siteId=null, slug=case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio, stagedFrom=null, state=PUBLISHED, stateWhenDeleted=null, styleOverrideId=null, styleOverrideIdColumn=null, subcategory=normal_blog_post, subcategoryEnum=normal_blog_post, syncedWithBlogRoot=true, tagId=null, tagIds=[77267670076, 77269685568, 77269686306, 77270935654, 77270935677, 77570820764], tagList=[Industry, Education, Consulting, Service Line, Vendor/Developer Selection, Service], tagNames=[Industry, Education, Consulting, Service Line, Vendor/Developer Selection, Service], tagsForBuffer=[77267670076, 77269685568, 77269686306, 77270935654, 77270935677, 77570820764], targetObjectType=BLOG_POST, teamPerms=[], templatePath=, templatePathForRender=AllegroHS/templates/single-case-studies.html, themePath=null, themeSettingsValues=null, title=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, tmsId=null, topicId=null, topicIds=[77267670076, 77269685568, 77269686306, 77270935654, 77270935677, 77570820764], topicList=[Industry, Education, Consulting, Service Line, Vendor/Developer Selection, Service], topicNames=[Industry, Education, Consulting, Service Line, Vendor/Developer Selection, Service], translatedContent={}, translatedContentEnumMap={}, translatedFromId=null, translations={}, tweet=null, tweetAt=null, tweetImmediately=false, unpublishedAt=0, updated=1664806412689, updatedById=45397963, updatedDateTime=2022-10-03T14:13:32.689Z, upsizeFeaturedImage=false, url=https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio, useFeaturedImage=true, useFeaturedImageColumn=false, userPerms=[], views=null, visibleToAll=null, widgetContainers={}, widgetcontainers={}, widgets={module_16576370385602={body={title_image={size_type=auto, src=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, alt=university3, loading=lazy, width=800, height=600, max_width=800, max_height=600}}, css={}, child_css={}, id=module_16576370385602, name=module_16576370385602, type=module, order=7, label=hero-title-image, smart_type=null, styles={}, module_id=79002237368}}})
    Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio
    View case study arrow
    score symbol

    What is Your Commercial Real Estate Score?

    Is your commercial real estate portfolio aligned with your business objectives? Take this assessment and discover your CRE score.