The infrastructures of modern facility portfolios are more complex than most people realize—and far more expensive. The land itself has extraordinary value, each of the buildings cost millions to build and maintain, and the utilities and technology that serve them require constant investment to keep pace with demand. For most organizations, facilities-related costs are the second largest budgetary expense, right behind salaries and wages.
We often hear from real estate professionals that the three most important value drivers for a piece of property are “Location, location, location.” Though clichéd, the statement is valid—even for facility management professionals. With so much data to organize, it pays to have a system that uses location as the organizing principle to create order of this complex information.