-
Everything CRE Developers Need to Know About Proptech Software
The rise of proptech, or property technology, is transforming how commercial real estate developers do business. New software platforms enable firms across the country to bolster returns, improve their effectiveness, and drive growth. Future Market Insights predicts the benefits these innovative solutions bring to the industry are significant enough to create a segment worth $86.5…
-
How CRE Developers Can Protect Their Projects From Fraud
A recent New York Times article put the spotlight on a significant and insidious problem affecting real estate developers nationwide: construction contractor fraud.
-
Why Proptech Software is Essential for Real Estate Developers in 2023
CBRE recently published a dismaying long-term outlook for the commercial real estate market. The organization’s researchers believe record inflation, interest rate hikes, and an impending recession will lower asset values and diminish investment and leasing activity this year. The firm expects all property types will see a 5 to 7% value drop while funding volume…
-
Don’t Take Your Foot Off the Gas: Why CRE Developers Shouldn’t Slow Tech Adoption
The coronavirus pandemic was a turning point for technology adoption in commercial real estate. Most development companies (78%) reconsidered their technology strategies, embraced modern digital solutions, and invested in analytics programs, smart management tools, automation, and cloud-based software platforms. The last few years have seen historic progress in an industry with a reputation for being…
-
How to Avoid a Bad Commercial Real Estate Software Implementation
The right software can have a transformative impact on a company’s project outcomes. By integrating a platform built to service your vertical’s specific needs into your workflows, your firm can reduce overhead expenses, cut costs, and reduce the amount of low-value tasks that your team spends too much time on. However, bad software implementations are…
-
The Commercial Real Estate Software Developers Should Avoid Relying On
The best commercial real estate software can offer developers numerous competitive advantages, including reducing costs, streamlining workflows, and ensuring better project outcomes. However, investing in the wrong solution can cause severe problems like overcomplicated tasks, reducing visibility, and making the journey to a successful closeout harder than it needs to be. Unfortunately, marketing hype and…
-
What Does Commercial Real Estate Analytics Software Track?
Today’s commercial real estate analytics software provides users much greater functionality and overall project benefits than force-fit and legacy programs. Developers can use them to mitigate risks, significantly reduce cost overruns, and improve project outcomes. Modern platforms can offer those benefits because they track all project data in real time. The cloud-based programs also provide insights about…
-
The State of Predictive Analytics in Commercial Real Estate
Predictive analytics has only played an active role in commercial real estate in the last decade, but its impact has been massive. Traditionally, developers have made key project decisions with retroactive insights and intuition. With no other options, firms have had to work around the problems inherent in depending on an outdated and inexact methodology.
