You should probably change careers out of CRE if you still do the following:
- Calculate total RSF by multiplying a number of people in the office by 250.
- Think that a 15% vacancy rate makes sense.
- Believe ANY headcount or growth forecast provided by a client.
- Don’t think that seat sharing is a real thing.
- Use a 35 to 40% circulation area.
- Have no idea how to run a commutation analysis.
- Think that saving $1 per foot on a lease cost actually matters.
- Don’t know where labor populations by occupation are for your community.
- Think that a new office is always the answer.
- Think that it’s impossible to hit a 100 foot per person target in an office.
But then, I bet we all know some people who still think Microsoft Excel is cutting edge financial modeling.