Tuesday, July 28, 2009

How REN (Real Estates Norms) can be used as a method for evaluating office location and office buildings?

REN
o Identify property
o Identify REN structure as related to the building, i.e. location and building, their features and sub-features.
o Score aspects and features
o Identify performance levels.
o Find the variance between the demand and supply side scores.
o Communication tool between providers and building occupants.
o Suggests a continuous measurement.
o Does not require an expert to use method.
o Restricted to office property.
o Use of excessive features under the main categories
o More identifiable as a property provision tool rather than a performance improvement tool
o Better suited for building occupants rather than owners or managers.
o Restricted to quality indicators

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