Here's how you can determine which tasks to delegate in Corporate Real Estate.

1 Assess Skills

When considering delegation in Corporate Real Estate, begin by assessing the skills and strengths of your team. Each member brings unique capabilities that, when properly leveraged, can significantly enhance overall performance. Look for tasks that match their expertise or areas where they express a keen interest in developing further. For example, if someone has a knack for data analysis, delegate market research or portfolio performance reviews to them. This not only ensures tasks are handled competently but also fosters professional growth and job satisfaction.

2 Prioritize Tasks

In CRE, time-sensitive tasks require immediate attention, but not all of them necessitate your direct involvement. Prioritize tasks based on urgency and importance. For those that are critical but do not align with your core responsibilities or strengths, consider delegation. This allows you to focus on strategic planning and decision-making, such as identifying investment opportunities or negotiating major contracts, while your team handles the groundwork, such as preparing documentation or conducting due diligence.

3 Evaluate Complexity

Some tasks in CRE are complex and require specialized knowledge or experience. Evaluate the complexity of each task and decide if it's something that can be taught or if it requires your expertise. Routine and repetitive tasks are usually good candidates for delegation. For instance, managing lease renewals or property inspections can be delegated to team members with operational expertise, freeing you to tackle more complex issues like market analysis or stakeholder negotiations.

4 Consider Impact

Look at the potential impact of the tasks on your business objectives. Tasks with a high impact on client satisfaction, revenue generation, or risk management should be scrutinized closely before delegating. If a task is high-impact but outside your skillset, delegate it to a qualified team member who can handle it with the necessary attention and skill. This ensures that all critical aspects of CRE management are addressed effectively without overburdening any single individual.

5 Monitor Progress

After delegating tasks in CRE, it's crucial to monitor progress without micromanaging. Establish clear expectations, deadlines, and check-in points to ensure tasks are on track. This oversight allows you to step in if necessary but also shows trust in your team's abilities. Effective monitoring ensures that delegated tasks align with overall goals and that any issues are addressed promptly, maintaining the momentum of your real estate projects.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?