Address current challenges, meet new market imperatives, and improve lease portfolio performance
Managing Complex and Expansive Real Estate Database
The commercial leasing landscape is undergoing unprecedented disruptions; all stakeholders—landlords, REITs, and tenants—are striving hard to adapt and respond to the new market and safety imperatives. The industry was already undergoing a paradigm shift underpinned by evolving technology, new entrants, disruptive business models, and ever-changing and demanding tenant behavior. These shifting trends have now been accelerated by the impact of the COVID-19 pandemic with an added burden of navigating through this downturn as cost pressures continue to mount. To be able to strategically manage lease portfolios in this rapidly shifting landscape, organizations need to streamline the lease administration process. This will allow businesses to gain visibility and control over their assets and leverage lease data to not just improve compliance and reporting but overall financial health and business continuity also.
Given the criticality of managing lease administration functions and its growing importance, outsourcing lease administration services is emerging as a practical solution. Businesses are already struggling, with their in-house resources stretched thin and grappling to manage conflicting priorities. Further compounding the challenges are nonstandardized and largely manual-based lease administration processes that have been rendered ineffective in meeting the new demands. This is why companies are increasingly partnering with specialized service providers and outsourcing lease administration services to leverage the benefits of operational efficiency at an affordable cost. Such collaborations bring in a host of business and operational advantages underpinned by steady productivity and growth by balancing in-house and outsourced resources.
Download our white paper to learn how efficient lease administration can help you navigate through this crisis, build agility, and leverage lease data to improve strategic planning, portfolio performance, and gain competitive advantage.