Athena Reilly, global leader, Accenture Real Estate SolutionsMany large corporations with significant property holdings are doing a poor job of managing, utilizing or even just keeping track of their real estate holdings, and could be spending way too much on things like office buildings, retail space or manufacturing space. That’s the finding of a survey conducted by the global management consulting, technology services and outsourcing firm Accenture, which surveyed real estate executives at 181 companies. 

Athena Reilly, global lead for Accenture Real Estate Solutions, says that if large companies acted to optimize their real estate portfolios, “they could save anywhere from 5% to 40% of what they are spending on real estate.” In many cases, that could be quite a lot of money.

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