In today’s dynamic and expressive commercial real estate market you might need to rely on more than your instinct and CRE expertise. This is why you should consider partnering with an experienced, reliable CRE lease management software company that is robust, innovative and supported by one of the most well-reputed companies in the business. Let’s consider the cornerstones of a winning CRE application and how the emerging technology can perfectly meet your needs.
The Foundations of CRE Technology
Your lease management software should do more than organize and automate. Those functions are the foundation of the tech, but capable lease management software is not limited to simple organization and automation tasks. Here’s a closer look at what key elements you should expect from your CRE lease management software.
To start with, you should be able to combine your expertise with a program that can capably postulate regional and national market trends. Your lease management software should also actively help you to cultivate relationships and trust with your clients and other service providers. This can be done by utilizing a system that reminds you of important lease management deadlines as well as possible tenant concerns.
Your lease management platform should also manage and track transactions, operating expenses (OpEx), sales, leases and acquisitions. This will help you to better understand the true market potential of your asset, which allows a stronger sense of insight when it comes to negotiating a short- or long-term lease. Your lease management software should also be familiar with local and regional regulations and zoning laws.
These features alone would rank prospective lease management software high. However, the landscape of the existing technology is shifting. Considering the height of your CRE expertise, just imagine how well it would couple with a more advanced application.
The Emergence of CRE Technology
In recent years, technology has revolutionized the commercial real estate industry. Data analytics now presents you with real-time market data as well as smart predictive modeling. This will empower you to make more informed decisions while reducing the guesswork in your investments.
Algorithms are now more able to identify CRE trends as they are happening. Coupled with your own expertise, this means that you will be able to more effectively optimize your asset performance. VR and AR along with Internet of Things (IoT) will also provide for an immersive experience when it comes to lease management and client engagement.
Many traditional CRE managers may hesitate when faced with these unconventional methods. However, it’s worth noting that these platforms will be designed to work in collaboration with your expertise. This means that your next lease management software could be the most intuitive and intelligent system you and your business have ever employed.
If you’re looking to improve your lease management operations, Quorum has the robust platform you need. Our President and founder, John Rice, is a powerful advocate and visionary for cloud-based operations in the CRE world. You’ll see his personal touches throughout our software as well as our diligent training and support. Contact us today or schedule your free, no-obligation demo online.
