Feb 22, 2012

The Digital World of Corporate Real Estate

By Don Catalano

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Corporate Real EstateAn understanding of the digital world of corporate real estate is essential to taking advantage of all opportunities that are afforded to you. Many real estate agents are making use of various forms of technology for all of the steps in the corporate tenancy process. 

 

Many owners are putting their commercial properties online. Some may use a listing service like MLS, while others create their own websites to show off the properties. You can quickly and easily find out a great deal of information on a particular property by looking through all of the listings. Some agents make virtual tours and extensive photographs available online, although that varies between various companies. 

 

Much of the paperwork involved in corporate real estate is also translated to a digital form. This makes it much easier to keep track of all of the paperwork, what still may need completion or any other requirements colleagues may need from you. Many commercial real estate software systems and lease admin systems streamline processes so fewer calls between parties are necessary and work is done faster. 

 

Once you have the address of a property, you can check out the general location with mapping services (e.g. Google Maps or integrated mapping in your commercial real estate software). With these technologies, you can get a sense of the neighborhoods and accessibility for the location without having to actually take the time to go and visit yourself. This allows you to cut out entirely unsuitable locations right off the bat.

 

Corporate real estate greatly benefits from the use of digital technologies, allowing you to make much more efficient use of your time when looking for properties. It might take some time to adjust to all of the tools available to you, but you'll reap the benefits when you do.

 

Here are a few other articles we think you will like:

7 Things to Look Out for in Your Office Lease

Getting The Best Deal on Your Next Office Lease

3 Commercial Real Estate Technology Tools You Should Know

 

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Don Catalano

Don Catalano

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