Author: Alicia Frazier
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AI in CRE energy management: Why data matters most
In the realm of commercial real estate (CRE) energy management, artificial intelligence (AI) is emerging as a game-changing technology. However, the effectiveness of AI hinges on one crucial element: data. Let’s explore why data is the lifeblood of AI and how it impacts energy management in CRE. The importance of data quality High-quality, clean data…
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3 easy steps to standardizing building operations
Standardizing building operations is a crucial step toward improving efficiency, reducing costs, and enhancing tenant satisfaction. But it’s important to start with a focused approach. By focusing on two critical elements—inspections and preventive maintenance programs—you can achieve significant benefits for your property management operations. Here are three easy steps to get started: 1. Start with…
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What’s the difference between loss factor and load factor in CRE?
Have you ever asked: What’s the difference between loss factor and load factor in commercial real estate (CRE)? These terms are essential for calculating the rentable and usable space within a building, which directly impacts leasing costs and space efficiency. To better grasp these concepts, let’s delve into their definitions and applications. Loss factor The…
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How to enhance tenant experience in commercial real estate
When it comes to tenant experience in commercial real estate (CRE), knowing what your tenants want is critical. By enhancing how tenants interact with their work environments, property managers can attract, engage, and retain tenants, ultimately driving asset value. Andrea Petrovic, Solutions Consultant at Building Engines, addressed this crucial topic in a session during the…
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How to extend equipment lifespan in CRE properties
In the commercial real estate (CRE) sector, maintaining the longevity of costly equipment like HVAC systems is crucial. Enhanced equipment lifecycle management not only significantly reduces cost but also optimizes property management operations. Here’s how to extend equipment lifespan in CRE properties with technology. Ensuring tenant compliance Tenant compliance plays a crucial role in how…
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3 ways proptech reduces risk in managing NNN properties
Risk management at your triple-net (NNN) properties is essential to healthy building operations. Maintaining a comprehensive understanding of all potential risks—from tenants’ financial health to unexpected maintenance issues—and implementing strategies to mitigate these risks are fundamental to protecting your industrial and retail properties. This blog explores ways proptech reduces risk in managing NNN properties, helping…
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Verdantix names Hank as top energy management solution
Commercial real estate (CRE) increasingly demands innovative solutions to enhance energy efficiency while prioritizing tenant comfort. The recent Buyer’s Guide: Energy Management Software (2024) from Verdantix spotlights Hank as a top-tier autonomous HVAC control solution designed to meet these dual imperatives. With a deployment footprint exceeding 25 million square feet, primarily across the Americas, Hank…
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5 ways CRE proptech can reduce service provider costs
As a commercial real estate (CRE) professional, you are always looking for ways to reduce service provider costs while maintaining efficiency and top-quality service provision. Achieving a sizeable reduction in service provider costs can often feel like a huge undertaking. However, with the right tools and insights, this goal becomes well within reach. Read on…
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The power of proptech in vendor management: Bids and contracts
The commercial real estate (CRE) industry has seen a plethora of transformative technological advancements. One of the most impactful among these advancements is the integration of property technology, commonly known as proptech. Proptech, in essence, encompasses a wide array of digital platforms, software, and innovative technologies that are designed to enhance every facet of the…
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How CRE property teams can improve tenant relationship management
According to a recent survey from Building Engines and BOMA, 61% of commercial real estate (CRE) professionals are seeing more companies/tenants transition back to the office full time. As buildings continue to grow occupancy, the need for a robust tenant experience strategy has never been greater. Learn what the data shows, and then take actionable…