Consultants are often hired for specific assignments or projects. Yet, consultants can be so much more than one-off contracts. Taking the time to build a relationship with a consultant can create a trusted advisor role that has significantly more benefits than a transactional relationship. First and foremost, it allows your consultant to know you, your business and its strategic business goals. Then, whatever the assignment is, it is aligned with a deeper understanding of the company with an opportunity to produce better results.
If you are a smaller company or even a medium to large-sized company, a consultant can fill the role of a fractional employee. This is a smart way to augment your team without the burden of hiring full or part-time staff. Think of it as a form of outsourcing with more flexibility and less risk.
As a small company ourselves, we are big believers in the benefits of leveraging the expertise of others. We have built trusted relationships to provide our company with the following services: marketing and communications, graphic design, and administrative support. We have taken the time to build relationships and these companies feel like a part of ours. They know us and we trust them. We also love that we are helping other businesses to grow.
As it relates to commercial real estate, a trusted advisor relationship can be key for small and mid-sized companies that do not have sufficient real estate to warrant the hiring of a real estate manager or director. With real estate, as with any area of expertise, it can be a “you don’t know what you don’t know” situation and real estate is too costly for mistakes to be made.
Here are some examples of how real estate corporate advisory services can support your company:
Strategy to optimize your real estate portfolio
Financial analysis of your real estate assets
Procurement of incentives when you relocate
Transaction services – leasing of space and sale or purchase of buildings
Fee development for new ground-up projects
Project management/owner’s representation services
Special projects (i.e.: cost benchmarking, re-positioning of a challenging asset, etc.)
Real estate is typically one of a company’s biggest expenses. Don’t miss the opportunity to manage it well; reduce cost, mitigate risk and make sure the real estate you have is right for your company. A trusted advisor with well-rounded commercial real estate experience can augment your team and make a real difference. To get a sense of how a real estate consultant can work for your company, download a copy of our Corporate Real Estate Advisory brochure.