Engineering projects should include building review and financial plannings. Clearly, this is not the kind of thing that applies to someone self-employed, working from home, or out of a shared office space. However, any business that has a store, warehouse, or its own office location needs to review things annually.
The building review needs to go over both the building itself, as well as if it still serves the needs of the business. Half of this is much like having a home inspection. Certified professionals should go over every inch of the structure and make sure that it is still safe and sound. They should also look for any pending deficiencies or damage that might dictate repairs or upgrades.
That all leads into the bigger question of whether or not the building still serves the business. If it's a rental location, the lease is often annual, and the business might choose to move to another location. Financial planning in general might also show it's better to consolidate operations into another location. Of course if there is excess space available, subletting might also be a possibility to stay in a current building and minimize the rent and utilities.
However, if a building is outright owned instead of leased, then financial planning and the annual building review will show how much value the property has. Sometimes, selling it or renting it out themselves proves profitable for a business, even if commercial, office, or industrial and warehouse real estate is not their normal business.
Every business has to lay out an annual budget blueprint and then review it quarterly. When it comes to physical buildings and the financial planning around them, that should happen at least once a year as well.
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