The escalating economic impact of the COVID-19 is being felt far and wide across every industry. And the real estate sector is no exception. In fact, this industry is facing multi-faceted effects based on the region and size and type of the property portfolio. As players worry about maintaining asset value and cash flow they
Lease management and administration can be quite complex and challenging for companies with multiple assets or locations, such as the telecom and retail industry players. In addition to that, the unprecedented data deluge and new and evolved regulatory requirements have further compounded the challenges revolving lease management for these sectors. To ensure efficient operations and
The global real estate industry is going strong despite economic uncertainty and transactions have touched USD 1.8 trillion in 2019, according to a KPMG report. In fact, the industry is diversifying its traditional asset class from residential and office spaces to coworking, retail, and housing for seniors, students, etc. This transition is reshaping commercial real
As the real estate industry continues to grow at an unprecedented rate, it is characterized by intense competition. Realtors are vying to grab as much market share as possible. The industry has become so dynamic and explosive that right from architectural designing to marketing, you need to up your game in order to stay ahead
The real estate industry is already undergoing a drastic economic, business and social transformation. While most of these trends are already evident, as we kickstart the new year, let’s look at some of the key trends and their implications. Commercial real estate players would not only have broader and newer market opportunities and smarter value
Common Area Maintenance (CAM) reconciliations for commercial properties can be a nerve-racking task. It is given that commercial real estate accounting can be challenging and tricky if not done diligently and timely. This is one area that is prone to human errors. Due to inaccurate and incomplete CAM reconciliations landlords not only suffer huge negative
Constantly evolving technologies and shifting business norms are redefining the commercial real estate industry, which is also growing at a rapid pace. Given the new reality and the changing trends, governments and investors not just expect a profitable business but are increasingly focusing on commercial property sustainability. Since commercial properties significantly contribute to energy use
Poor commercial lease management can result in some very damaging issues including missed deadlines, error in tracking critical dates, data inaccuracies, and risk of non-compliance and subsequent penalties. While managing an expansive lease portfolio is a tedious, complex and demanding process, if not done efficiently it can have significant negative business, financial and reputational impact.
Augmented reality (AR) and virtual reality (VR), these emerging technologies have found their application across many industry sectors. In fact, they are turning out to be game changers within the manufacturing sector. Similarly, AR/VR is also making strides in real estate, shifting the way businesses stage, sell and market their properties and the way potential
Common area maintenance (CAM) reconciliations are important as the money recovered is used to operate and maintain the property. Commercial property CAM reconciliation is complex, arduous and time-consuming task. It demands focused and meticulous review of multiple leases and accurate calculation of tenant share based on lease terms, granted modifications and other pre-determined expense caps.