FREE INFOGRAPHIC
Preparing Your 2025 Budget: 10 Rules of Thumb Every CRE Professional Should Know
As budget season draws near, CRE professionals face the critical task of strategically planning for the year ahead. This process extends beyond mere number crunching; it’s about aligning financial objectives with overarching business goals to foster sustainable growth and profitability.
Creating an exceptional budget requires more than just analyzing your portfolio's trends and insights; it involves adopting the proven "rules of thumb" utilized by industry leaders. This resource offers practical action items designed to help you optimize your budget for 2025 effectively.
This infographic provides insights into:
✓ Resource allocation from maintenance to tenant improvements and contingencies.
✓ Proactive budgeting to preserve asset quality, tenant satisfaction, and financial stability.
✓ Investment in technology and capital reserves to boost efficiency and long-term value.
Sneak Peek: Include a capital expenditure (CapEx) reserve of 5-10% of the total property value.
Establishing a CapEx reserve prepares you for necessary upgrades and improvements as well as addresses any deferred maintenance, protecting the long-term value and competitiveness of your assets.
Additional Resources
How to Leverage Data to Improve Profits in CRE
Learn about leveraging date to improve your commercial real estate profits.
How to Adopt a Future-Proof Data Strategy
Learn how to develop a solid data strategy and how to prepare your company for the road ahead.
6 Actionable Steps to Propel Portfolio Growth
Learn key strategies that leverage people, processes, and technology to drive growth.