Real Estate Disaster Planning – Who’s Got Your Back?
April 03, 2012
Tornados, hurricanes, flooding, gas main explosions, a disgruntled ex-employee with a bag full of guns – are you ready to deal with these occurrences? Does your landlord have a disaster plan in place to address these situations? If so, do you understand your role in the plan and know what you and your employees are expected to do? If not, pay attention.
Property managers need to be ready for everything and anything in today’s world. Man-made or natural, each of these events would require a different, detailed, course of action. A well run office building has a strong building management team that tries to identify every conceivable way a disaster would play out, walking thru all the possible responses, crafting the best processes to deal with each, and then training each member of the staff how to execute appropriate actions should an event happen. This plan would also include training key personal within each tenant organization on standard protocol.
If you are leasing space in an office building with time left on the lease have the property manager present their disaster plans to your key operations people that would be involved if such an event were to occur.
If you are in the market because your company’s lease is coming up over the next 12 to 18 months make sure your broker is requesting this information as part of its due diligence and sharing it along with all the other business points your company is negotiating. If your brokerage firm is not making disaster planning and recovery protocol part of its investigations and research, you may need a more proactive firm.
For thought leadership on your next lease initiative please call me.
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