Search
 

Cost-Conscious C-Suites Key In on Lease Audits

DALLAS-In today's economy, making every dollar count is more important than ever. A lease audit is a viable option for controlling or reducing the bottom line.

By Connie Gore | Updated on October 29, 2008

[IMGCAP(1)]DALLAS-Making every dollar count is more critical than ever as C-suite teams look for ways to control or reduce the bottom line amid rising concerns of a recession. The need to stretch dollars could drive increased demand for lease audits.

“Smart companies do it. I advise all clients who have larger leases after two to three years to audit leases,” Jim Vanderslice, senior vice president of private capital investment in Dallas for Santa Ana, CA-based Grubb & Ellis Co., tells GlobeSt.com. “The tenant doesn’t have to do it, but I think it’s important that any tenant 5,000 sf and over take a look at it.” The need is particularly critical if buildings change hands or the tenant has been in its space a long time, he says.

In a benchmark survey, the New York City-based Deloitte Financial Advisory Services LLP found 84% of 200 corporate executives realized cost reductions from lease audits, of which 41% reported “significant savings.” On the owner side, 74% reported lease reviews resulted in expense recovery.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.