Public Sector Real Estate Management becoming more important

Asset Managers that administrate public buildings on behalf of governments can influence politics and help governments to reduce their expenditure on assets. A new report indicates key trends in the industry.

Globally, governments are working with tight budgets, ageing buildings and infrastructure and face changing demographics. Still, governments must ensure that assets are available, safe, reliable and performing to standards.

The latest RICS-Report from the US organisation “The Building People” summarises the experience and insights gathered through asset manager’s round tables in Australia, Canada, Japan, Mexico, the Netherlands, the United Arab Emirates, Great Britain and the Unites States. Thereby, the report finds:

  • Sustainability investments pay of. There report identifies that ecological sustainability has to be pursued along with economic sustainability. This can reduce operating costs.
  • Big Data and Predictive Analytics can help to forecast trends. Using central systems, data can be stored efficiently and be used to evaluate assets completely.
  • Asset management standards can be used to implement best practice and maximise efficiency as well as return on investment.