OCTOBER 2024CONSTRUCTIONBUSINESSREVIEW.COM 19CXOINSIGHTSCorporate real estate professionals spend much of their time finding the right space for a growing workforce. However, at some point, many companies will need to shed some square footage. Savills Gerard Staudt, Head of Dispositions for North America (leasing and sales), explains why this area of commercial real estate requires a different approach and a unique set of skills. Why hire a real estate dispositions specialist?Carrying excess space on the books can be a financial burden on a company's balance sheet. That is when bringing in a dispositions specialist, not a general real estate broker who splits his or her focus on acquisitions and dispositions, can make a difference. Each dispositions project is like starting a new business. It requires extraordinary focus to be effective.What sets real estate dispositions apart from other commercial real estate services?Dispositions typically entail the leasing, sale or sale-leaseback of surplus corporate real estate, due to changes in corporate strategy, mergers and acquisition activity, or economic trends. It's a routine part of the overall commercial real estate landscape but hitting corporate targets on surplus By Gerard Staudt, Senior Managing Director, Head of Dispositions, North America, Savills North AmericaUNDERSTANDING CORPORATE REAL ESTATE DISPOSITIONSGerard Staudt
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