Dec 14, 2011

Choosing Commercial Real Estate Software for Corporate Tenants

By Don Catalano

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Several varieties of new software systems, like REoptimizer® are specifically tailored for commercial real estate use.  Intended to streamline inter-departmental and inter-agent communication, most commercial real estate software systems offer a safe and secure centralized network from which employees can access information regarding expenses, property data, contacts, and leads, from anywhere at any time.  Particularly beneficial to corporate clients, such systems boost productivity and maximize profits.

 

Revolutionary new technology coincides with a transforming commercial real estate market.  Rapidly-growing informational database needs, expanding on a global scale, make necessary new technology to address increasing needs for workplace organization and efficiency. Moreover, new systems not only seek to enable optimization and collaboration today.  Emerging systems also look to facilitate future innovation.

New systems are developing to specifically address corporate needs.  For example, many new systems plan to include voice-activation and video conferencing by 2015.  New systems also permit companies to reduce occupancy expenses by as much as 30 percent per year.  Savings in occupancy, in turn, enable clients to continue investment in new and emerging technologies, as well as to attract and retain high-level digital and creative talent.  Moreover, occupancy savings for corporate tenants are especially attractive because an increasingly important strategy in attracting new workers is offering employees flexible workplace options and attaining the most up-to-date technology.  Further, companies currently report both offering a flexible workplace and possessing up-to-date technology as both more important than being located within a transit-oriented urban or suburban area and more important than providing enhanced on-site amenities for employees.

 

In addition to ensuring the optimization of physical space, increased digitalization is beneficial for several reasons. Increased digitalization, particularly in the form of outsourcing to the cloud, enables easy business-process updates and transformation and greater distribution of global workforce collaboration. Increased digitalization also maximizes work/life balance and workplace flexibility, reduces operational costs and wastes, supports environmental sustainability, and reduces disparity between generational work styles.  Additionally, increased digitalization coincides with the increased use of social media platforms for marketing and maintaining a likeable public image.

 

Thus, coinciding with urbanization trends, the want for workplace mobility and flexibility, the need to maximize space, various information, safety, and security needs, and the overarching need to maximize communication among employees and departments, so as to ensure maximum efficiency and productivity, a variety systems, including a variety of service, support, and upgrade agreements, are available to accommodated the specific needs of the corporate tenant.

 

Other commercial real estate software articles:

The Perfect Commercial Lease Administration Software

Commercial Real Estate Optimization Software and the C-Suite

7 Key Questions for Commercial Lease Administration Software

 

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Don Catalano

Don Catalano

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