Author: Alicia Frazier
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Simple tips to reduce environmental impact in commercial property management
The commercial real estate (CRE) industry is increasingly recognizing the importance of sustainability and reducing its environmental impact. As commercial property owners and operators, taking steps to minimize your environmental footprint is not only good for the planet but can also yield significant cost savings and enhance the value of your properties. Read on for…
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RETCON 2023: 5 big takeaways from CRE experts
Over two and a half days, RETCON 2023 brought together the world’s leading commercial real estate (CRE) owners, operators, and developers to facilitate technology adoption and innovation within the industry. The Building Engines team was fortunate to participate in the event, learning from some of the brightest minds in the industry. Here’s your roundup of…
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The rising need for the chief technology officer in commercial real estate
The commercial real estate (CRE) industry has been a slow adopter of technology. However, it’s clear that property teams today will struggle to effectively manage properties without technological help. In fact, 96% of CRE professionals will stay the course or increase their investment in commercial property software this year, according to a recent survey. But…
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Path to net zero checklist: Easy ways for CRE teams to achieve sustainability goals
As the world becomes increasingly focused on mitigating the effects of climate change, the commercial real estate (CRE) industry has a critical role to play in reducing carbon emissions. Commercial buildings alone account for 40% of global carbon emissions, according to the World Economic Forum. It’s no wonder the pressure is on for CRE owners…
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What tech investments are commercial office property teams making this year?
As inflation remains unstable and the world braces itself for a potential recession, commercial real estate (CRE) teams need more help than ever before. And for many, tackling major challenges has become synonymous with cutting costs. However, proptech is one area commercial office property teams will invest in this year to help reduce costs. According…
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Labor in commercial real estate: 5 trends the data shows
It’s no secret the commercial real estate (CRE) industry is facing several challenges this year. A big one in 2023? Strain on building operations due to labor shortages. Labor shortages are stressing many sectors, and commercial real estate is not exempt. According to recent research from the Counselors of Real Estate, 88% of contractors report…
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How to choose the best commercial real estate property management software
Commercial real estate property management software continues to grow in popularity and importance as owners and property managers seek new ways to better satisfy tenants, drive revenue, and keep building operations running more efficiently. Especially as remote and hybrid work are redefining how companies approach the workplace, teams are turning to commercial real estate property…
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2023 Commercial Office Trends: Top 5 Questions Answered for Property Teams
Is 2023 the year companies fully bring people back to the office? According to research from McKinsey, 87% of people want flexible options that allow them to work in an office and virtually, such as a hybrid work model. Yet, 50% of companies want workers back in office five days a week, according to Microsoft…
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Top 7 Asset Manager Goals for 2023
Many commercial real estate (CRE) asset managers are facing new challenges as the industry continues to shift. From the evolving workplace where remote and hybrid work have become the norm, to a strain on property teams grappling with labor shortage, to a new focus on ESG reporting and sustainability initiatives – and everything in between…
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Why It’s Time to Rethink Your Commercial Tenant Engagement Strategy
Improving tenant satisfaction is a top priority for property teams as the workplace continues to evolve. As remote and hybrid work models shift the way people approach the traditional office space, it’s more important than ever for commercial real estate (CRE) landlords to go all-in on providing the best tenant experience. Doing so can help…