The pandemic has accelerated technology adoption across industries and markets, and commercial real estate is no exception. Even those most resistant to change have discovered new transformative opportunities driven by the proptech boom.
As these tools become ever more pervasive, permeating every aspect of modern life, it is more important than ever to create a coherent and comprehensive strategy to harness their capabilities for your properties.
With so many commercial real estate tech platforms to choose from (many of which offer similar or overlapping services), we decided to compile the ultimate list of commercial real estate tools and software for building owners, highlighting the must-have platforms that are solving major pain points for landlords today.
In this essential guide to today’s top proptech solutions for CRE owners we’ll highlight the must-have platforms that are solving major pain points with fresh innovations in the following seven key categories:
- Construction Management
- Marketing & Sales
- Lease Management
- Building Operations
- Tenant Engagement
- Investment Management
- Finance & Accounting
Procore is a cloud-based construction software that provides clients a suite of project management tools to manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more.
Their goal is to help construction professionals increase their project success by simplifying project management with powerful collaborative software.
Construction management software can do the nitty-gritty work behind the scenes to make the entire process more efficient, compliant, and cost-effective.
Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation. This real time data and accessibility minimizes costly risks and delays — ultimately boosting profits.
Procore’s products include solutions for:
Stay on schedule with real-time communication across project teams and access to the information you need to manage critical action items.
Quality & Safety
Improve processes and reduce risks related to construction and operation with streamlined mobile tools, built-in accountability features, and instant reporting on performance data.
Get detailed visibility and control costs and change orders for large or complex projects, with add-on capabilities for managing bidding and invoicing.
SharpLaunch is an all-in-one commercial real estate marketing software that helps building owners stand out from the competition and streamline marketing operations for their entire portfolio from one single platform.
Owners can create and manage the digital footprint of their portfolio and centralize all property data to provide a single hub for both existing and prospective tenants.
The SharpLaunch platform includes the following capabilities:
Property Search Engine
Display your assets and vacancies on your website with a fully customized property engine.
Create beautiful individual property websites or listing pages for your entire portfolio.
Dashboard & Analytics
Centralize all your property information and track marketing performance.
Securely store all your documents and allow access to selected users.
Manage your contact database and automatically capture leads through your property websites.
Automatically publish property listings across major CRE portals and listing services.
VTS is commercial real estate’s leading leasing and asset management platform, bringing together landlords, brokers, and tenants to make deals happen.
VTS software enables office, retail, and industrial landlords and brokers to transform their leasing process and convert leads to leases 41% more efficiently. MarketView™, the industry’s first market benchmarking product gives landlords real-time information to inform deal negotiations and leasing strategies.
VTS’ solution includes products that help:
- centralize portfolio data
- simplify pipeline management
- strengthen tenant relationships
- enhance team collaboration
Building Engines is a cloud-based provider of property management software for operations-minded teams at commercial office, retail, and industrial real estate properties.
The platform seamlessly connects property management teams with the activities, data and insights they need to improve efficiency and make better decisions.
Building Engines platform includes products covering areas like:
- tenant service
- risk management
HqO is a tenant experience platform and provides landlords with a mobile app that connects tenants to the building, its amenities, and each other.
The solution is designed to help landlords increase tenant retention, create a leasing differentiator, provide data to drive asset strategy and elevate portfolio and asset branding.
Juniper Square is trusted by hundreds of investment sponsors to manage more than 14,000 real estate investments.
By using Juniper Square, clients such as Tishman Speyer, Rockpoint, and Beacon Capital improve investor satisfaction, boost fundraising productivity, and save time and money on investment operations.
- client management
- fundraising automation
- partnership accounting
- investor reporting
- investor portal
Founded in 1971, MRI Software is a leading provider of innovative real estate software applications and hosted solutions for multi-family residential and commercial property, retail, office, and corporate real estate.
MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.
Their product suite includes:
- automation in the areas of financial operations, budgeting, forecasting, facility management, general ledger, job costing, reporting, accounts payable
- strategic planning for investment analysis, portfolio analysis, fund and asset modeling
- commercial management, lease accounting, operations, financials, advanced retail and lease work flow
- compliance management for affordable housing, public housing, voucher management, waitlist management, asset management.
Why do you need a CRE tech stack?
- It helps you think holistically about which technologies will best serve your operations.
- You’ll have better data which helps you uncover new insights and make smarter decisions faster than your competition.
- It helps you organize the best technology to support the individual teams and functions across your organization.
- You’ll be able to manage space more efficiently. Leveraging the right technology means a single building manager can provide a better quality of service across every square foot.
- Scale faster and keep your pulse on operations with access to information right when you need it. No need to wait weeks for someone to churn out another outdated spreadsheet.
Not sure where to start? Learn from other landlords and building owners who have already mastered their technology journey in this eBook.