| Term |
Definition |
Location Strategy
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A strategy to define what the location requirements are for each type of space and a strategy that defines how current facilities should be relocated in response to changing business requirements, employee locations, and costs.
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Functional Guidelines,
Space Standards
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A set of strategies that describe, for each space segment, the functional requirement for that types of space including space standards and amount of space.
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Alternative Officing Strategy
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A strategy to describe how the company can make use of alternative work environments, what the guidelines are, and how the organization will transition to the desired outcome.
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Sustainability Strategies and Targets
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Financial Strategy
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In addition to the corporate financial strategy and financial criteria specific above, the general guidelines regarding ownership versus leasing, financial strategies for tenant improvements and other workplace assets, and other ownership and control issues. In addition, the financing strategy reflects the relative importance of financial and qualitative / business factors in determining whether it is better to own or lease a property.
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Lease Strategy (including Term Length Strategy)
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Once the real estate portfolio has been segmented into different property types based on core vs non-core business activity (corporate, retail, manufacturing, R&D, sales, data center, etc.), the leasing strategy specifies the desired term length for leases, the desired options such as cancellation, expansion, and renewal, and tenant improvement requirements for that type of property.
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