Author: Caroline Judd
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Inspection software: How innovative industrial properties are revolutionizing oversight
Ensuring the consistent condition and performance of every asset at an industrial property is a monumental task. From warehouses to manufacturing zones, every corner requires regular oversight. Methods that rely heavily on manual intervention often fall short in scale and efficiency. Now, with today’s digital inspection software, property teams can streamline, automate, and elevate the…
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Top resources for property teams to utilize in 2024
2023 is coming to a close, and these past 12 months have taught us a lot. This year, the commercial real estate (CRE) industry was faced with many challenges – from fluctuating interest rates, to increased tenant demands, to higher expectations on the sustainability of buildings. However, on the other hand, we’ve seen a lot…
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What is the ROI of investing in sustainability for CRE properties?
Sustainability is no mere trend for property owners and managers. It’s become a critical driving force that contributes significantly to a property’s impact on the environment, appeal to tenants, and the bottom line. But what is the ROI of investing in sustainability? For starters, the ROI may be: And most properties see benefits beyond this…
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Changing the conversation on CRE tech
The world of technology is nothing new. However, the types of conversations we are having about commercial real estate (CRE) tech are evolving. In this blog we review the latest discussion experts had regarding the state of CRE technology for investors. Participants in the conversation included Ross Powell, Head of Product (EMEA/MENA) for PM…
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CRE.Converge: The evolution of amenities in office and industrial spaces
CRE.Converge was earlier this month – an event bringing together some of the brightest minds in the commercial real estate (CRE) industry – and the Building Engines team had the pleasure of attending. One notable event at the conference was the session, “The evolution of amenities in office and industrial spaces.” And the insights…
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5 KPIs every commercial property manager should track
Managing a successful commercial real estate (CRE) property is a juggling act. A commercial property manager needs to balance asset maintenance, service vendor relationships, demanding higher-ups, and tenants with rising expectations. With so much in the air, it can be difficult to take a macroscopic view of your building and see what is or isn’t…
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Proptech case studies: Two companies improve communications
Time and time again, we have seen commercial real estate (CRE) companies evolve to meet the industry’s latest demands. Some examples being: changing buildings to accommodate the hybrid work force, establishing “green leases”, and adapting to new space measurement requirements. The businesses having the most success tackling these challenges? The ones tapping into proptech solutions. …
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5 property types using BOMA standard methods of measurement
Building Owners Managers Association (BOMA) has been the leading trade association for commercial real estate (CRE) professionals for more than 100 years and is perhaps best known for its Standard Method of Measurement. The BOMA Standard is used to compute floor area in and around buildings via an agreed-upon, standard method of measurement that is…
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Building measurement tips for CRE buyers and sellers
Whether you’re a buyer or seller of a commercial real estate (CRE) property, it’s imperative to have the most accurate rentable square footage (RSF) data on hand. Buyers need accurate RSF calculations from the seller to avoid overpaying. With accurate data, you can find new ways to maximize revenue once you’ve taken over an asset.…
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How property teams can streamline vendor management
Vendor management spans a gamut of services, each contributing to a property’s overall functionality and value. And as portfolios scale up, so do their vendor interactions. Traditional vendor management often resembled a jigsaw puzzle, pieced together with phone calls, emails, paperwork, and manual follow-ups. This fragmented approach often led to miscommunication, missed opportunities, and inefficiencies.…