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Tag: commercial real estate
Property management is key for commercial real estate portfolios. As a property owner/manager you understand that property management, while exciting, has a potential to hurt business if you put a foot wrong. Moreover, as you continue to scale your portfolio, the process of managing properties effectively and efficiently tend to become more complex and time
The real estate industry contributes $3.5 trillion to the US GDP. While the industry is the largest asset class sector in the world, it has been relatively slow in embracing technology. However, disruptive trends are compelling players to go beyond conventional operations and strategies to drive profitability and provide better customer service experiences. We all
Real estate companies are increasingly adopting the process of lease abstraction that allows them to summarize essential business, legal and financial terms and conditions. A summary of key lease provisions makes it easy to locate and access information as per business requirement. However, the volume and complexities of commercial real estate leases can make the
When you have a business that’s growing and expanding. The temptation to have your own office is strong at this stage and you want to lease your office space. However, it is important to be aware of the many pitfalls that most businesses owners make when leasing for the first time. Prioritize Budget and Function
As we enter 2019, real estate industry experts, researchers, and economists focus on the major trends that will dictate the commercial real estate industry in the next twelve months. Here is a quick snapshot of top six trends. 1.Opportunity Zones Craze is Here to Stay Many investors are eagerly waiting for the finalized guidelines from
Co-working is on the rise and has been drastically changing the way we use office spaces. It is no longer restricted to startups and small enterprises and is now a hot topic for the entire corporate real estate industry. According to a survey conducted at the CoreNet Global Summit 2018 in Boston, over the span
It’s official. Industry experts at Europe’s Expo Real 2018 agree that there’s no better time than present to make AI part of a real estate business strategy for long term success. From valuation to decision-making, from fault detection to predictive energy utilization, from instant transactions to smart building maintenance, there is hardly anything that
What is CAM? CAM is a short form for Common Area Maintenance charges, and is one of the most underestimated and undervalued aspects of any commercial lease in real estate It comprises of maintenance fees and operating costs (work carried on in the common area of a property like cleaning the walkways, cleaning the food
Real estate cost accounts for one of the key hidden costs organizations often tend to ignore in their quest to control other small-time expenses such stationery, decor, and more. Most senior executives only occasionally visit lease agreements and other related documents, treating them as either too insignificant to worry about, too technical to analyze, or
Growing urbanization, drastic demographic shifts, rapid technological advancements and evolving regulatory standards are increasingly influencing the Commercial Real Estate (CRE) industry. Players are walking the tight rope, trying to balance sustainability with profitability while keeping pace with market changes. As CRE companies strive hard to gain competitive advantage, here’s a list of three key trends
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