Imagine if you could build a business case for all your locations based on real market data, actual headcounts or utilization and other key metrics from your various internal systems, and then benchmark all of it against the market in about 15 minutes.
Gain access to the vast BenchCore community where you can ask questions, collaborate and analyze findings from the experts in the field, RefineRE.
Through RefineRE’s proven benchmarking process and industry-standard definitions, your team will compare peer cost benchmarks (Cost as a Percentage of Revenue, Detailed Operating Cost metrics), to develop historical comparisons, drive actionable and attainable targets, and identify operational cost savings opportunities.
WHO WE HELPED
The Facilities and Head of Office Real Estate at a Fortune 100 oil and gas company.
This organization has historically relied on their brokerage to perform benchmarking reports, which has caused problems with biased, untrustworthy data and lack of customization abilities in order to drill down on the metrics that actually matter to the business.
BenchCore allows the facilities team to analyze the exact cost and size benchmarks that are relevant to them on a global scale. The team can now make cost-cutting decisions based on defendable data across metrics like global market asking rents and vacancy, domestic tenant improvement on new leases and renewals, quartile benchmarks, and site-versus-site performance.
THE BUSINESS IMPACT
This Fortune 100 utilized BenchCore’s peer benchmarking tool to set actionable and attainable goals, identifying over $45MM in operational cost savings opportunities globally.