Public Real Estate

Abstract

The broad range of real estate assets and their management in the public sector offers enormous scope for optimization. However, even after years of improvement, the challenges of real estate management in the public sector include insufficient data transparency, a lack of real estate objectives and strategies, inefficient organization and inadequate performance-related management methods and incentive systems. Optimization measures have been pursued at a national, federal state and local level towards professional Public Real Estate Management. Yet despite these efforts and many successes, there is still further re-structuring and building work to be done, particularly with regard to future societal development. Public Real Estate Management will have to meet the challenges of change with essential optimization strategies and early intervention. Evaluation and appropriate organizational optimization as well as active portfolio development will be at the heart of sustainable management. This article describes the situation, the future challenges and requirements of Public Real Estate Management.