Many large companies with significant property holdings do a poor job of managing, utilizing or even keeping track of their real estate holdings, and could be spending way too much on office buildings, retail or manufacturing space, according to a recent survey by Accenture.
If large companies optimized their real estate portfolios, "they could save anywhere from 5% to 40% of what they are spending on real estate," says Athena Reilly, global lead for Accenture Real Estate Solutions.
Accenture surveyed companies that had at least $5 billion in revenue and 10 million square feet of property.
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