You're a team manager in Corporate Real Estate. How do you overcome the most common challenges?

As a team manager in Corporate Real Estate (CRE), you face many challenges in your daily work. You have to balance the needs and expectations of your clients, your employees, your stakeholders, and your organization. You have to deal with complex projects, tight deadlines, changing markets, and diverse teams. You have to manage risks, costs, quality, and performance. How do you overcome these common challenges and lead your team to success? Here are some tips and strategies that can help you.

1 Define your goals and vision

One of the first steps to overcome challenges in CRE is to define your goals and vision for your team and your projects. What are you trying to achieve? What are the desired outcomes and benefits? How do you measure success? Having clear and realistic goals and vision can help you align your team, communicate your expectations, and track your progress. It can also help you prioritize your tasks, allocate your resources, and manage your scope.

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2 Communicate effectively and frequently

Another key step to overcome challenges in CRE is to communicate effectively and frequently with your team and your stakeholders. Communication is essential for building trust, collaboration, and transparency. You need to communicate your goals, vision, plans, updates, feedback, and issues regularly and clearly. You also need to listen to your team and your stakeholders, understand their needs, concerns, and opinions, and address them promptly and respectfully. You can use various tools and channels to communicate, such as meetings, emails, reports, dashboards, and presentations.

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Andrew Piechowiak

Executive Leader with Wide Ranging Strategic Business Transformation Experience within Luxury Property Management, Real Estate, Asset Management, Facilities Management, and Construction Sectors across the MENA Region.
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What i have realised over the years is that Management is a peoples role and therefore communication is essential in everything that you do! You have to be able to communicate at all levels, it doesn't matter what part of the organisation you operate in or your "level". Communication upwards and sideways is as important as communication downwards!

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3 Empower and support your team

A third step to overcome challenges in CRE is to empower and support your team. Your team is your most valuable asset, and you need to nurture their skills, motivation, and engagement. You can empower and support your team by delegating tasks and responsibilities, providing coaching and mentoring, offering training and development opportunities, recognizing and rewarding achievements, and creating a positive and inclusive culture. You can also encourage your team to share their ideas, feedback, and solutions, and involve them in decision-making.

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Stephan Joel Harris II

Owner @ CELESTIAL PROPERTY DEVELOPER LLC | Commercial Realtor, Federal Contractor
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Leading by example, and encouraging participation from your group is essential. Put ego to the side and foster the creative imagination of not just yourself, but your team. Promote blunt transparency and frank discussion. Truthfully, people want to feel important and the best way to accomplish this is to be empathetic to the needs of the people you supervise or work with on a daily basis. Once you make a habit of this, collaboration flows naturally you have a more equitable workplace.

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4 Manage risks and uncertainties

A fourth step to overcome challenges in CRE is to manage risks and uncertainties. Risks and uncertainties are inevitable in CRE, as you deal with dynamic and complex environments, markets, and regulations. You need to identify, assess, mitigate, and monitor the potential risks and uncertainties that may affect your team and your projects. You need to have contingency plans, backup options, and alternative scenarios ready in case of unexpected changes or issues. You also need to communicate the risks and uncertainties to your team and your stakeholders, and prepare them for possible outcomes.

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5 Adapt and innovate

A fifth step to overcome challenges in CRE is to adapt and innovate. Adaptability and innovation are crucial for staying ahead of the competition, meeting the changing needs of your clients, and delivering value and quality. You need to be flexible and agile, and willing to adjust your plans, processes, and methods as needed. You also need to be creative and proactive, and seek new opportunities, ideas, and solutions that can improve your team and your projects. You can foster a culture of adaptability and innovation by encouraging experimentation, learning, and feedback.

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6 Collaborate and partner

A sixth step to overcome challenges in CRE is to collaborate and partner. Collaboration and partnership are essential for leveraging the expertise, resources, and networks of your team and your stakeholders. You need to work together with your team and your stakeholders, and share your goals, vision, information, and insights. You also need to partner with other teams, departments, organizations, or professionals that can complement your skills, capabilities, or services. You can enhance collaboration and partnership by establishing trust, respect, and mutual benefits.

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François CHARTIER

Responsable valorisation - Adjoint à la structuration foncière chez AGILE
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L'immobilier d'entreprise évolue au grée des évolutions sociétales et managériales. De l'open space au flex office en passant par les bureaux en coworking qui ont inspiré le coliving, les compétences doivent être régulièrement remises en cause et confronter aux nouvelles donnes du marché.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Jason Cannon Elite performance coach. AC, EMCC Professional.

5+ decades of business experience, moved 1000's of clients, managed 1000's of homes, helped multiple million pound + businesses to grow. Empowering Entrepreneurs & Athletes to Succeed with Clarity, Purpose, and Action.
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We all have the desire to be understood. Staff and your team want this and personal development. Making your monthly 121 conversations all about the individuals targets, goals and aspirations will help you keep everyone focused and engaged. Having a process that allows a thorough review that ties their goals to the business goals is key.

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You're a team manager in Corporate Real Estate. How do you overcome the most common challenges?

1

2

3

4

5

6

7

1 Define your goals and vision

2 Communicate effectively and frequently

3 Empower and support your team

4 Manage risks and uncertainties

5 Adapt and innovate

6 Collaborate and partner

7 Here’s what else to consider

Corporate Real Estate

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You're a team manager in Corporate Real Estate. How do you overcome the most common challenges?

1

2

3

4

5

6

7

1 Define your goals and vision

2 Communicate effectively and frequently

3 Empower and support your team

4 Manage risks and uncertainties

5 Adapt and innovate

6 Collaborate and partner

7 Here’s what else to consider

Corporate Real Estate

Rate this article

Thanks for your feedback

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