Author: Caroline Judd
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What is IPMS 1?
The International Property Measurement Standards (IPMS) was introduced to commercial real estate (CRE) professionals after a shared desire by organizations, governments, companies and professionals to build a genuinely global language for measurement. According to BOMA, “Through the adoption of the IPMS, property assets will be measured in a consistent way, creating a more transparent marketplace,…
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BOMA International: How technology is your best competitive advantage
Commercial real estate (CRE) experts recently joined the BOMA webinar, “Unlocking Your Building’s Value: How Technology is Your Best Competitive Advantage.” The CRE leaders discussed how to ensure properties stand strong amid market competition and included innovative strategies to minimize risk and maximize building value. The webinar speakers were: In this blog we highlight the…
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How to track work orders and billbacks for better lease renewal rates and NOI
Do you know how to track work orders? What about billbacks? Tracking these metrics at your commercial real estate (CRE) property is what will set you apart from your competitors. With the data collected from these key performance indicators (KPIs), you have the information you need to bring your property to the next level. And…
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Why all CRE properties should track energy usage
Energy usage is a significant operating cost for commercial buildings, and reducing energy use can lead to significant savings. It’s one of the many reasons why all commercial real estate (CRE) properties should track energy usage. But how exactly do you track energy usage? And what are the most important energy usage stats CRE teams…
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CRE compliance 101: How to track tenant compliance and COI compliance rates
Commercial real estate (CRE) compliance 101 starts with tracking compliance rates at your property. For one, it ensures your buildings are running smoothly. On the other hand, compliance rates tell you what tenants are in check and the ones that are not. By measuring tenant compliance and certificate of insurance (COI) compliance rates specifically, you…
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Preventive maintenance: 6 metrics to measure building health
Keeping your commercial real estate (CRE) property in top performance condition means scheduling regular preventive maintenance tasks. It also means knowing what metrics to monitor in order to gauge the success of your maintenance performance. With these metrics in hand, your property can begin to improve net operating income (NOI), equipment lifespans, and much more. …
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CRE teams turn to proptech during uncertainty in the market
Building Engines recently sponsored part-one of the Realcomm webinar series, “Mid-Year Trends and Course Corrections: Information Technology Takeaways.” Kyle Maikath, VP of New Business Sales at Building Engines, along with experts from NiceNets Consulting, Carrier Corporation, Related Companies, Realcomm, and Boxer Property, shared how tech partners are evolving their product offerings and how companies…
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How to measure tenant satisfaction: 4 best practices for success
Tenants are at the center of every building. And their satisfaction rates can help determine the success of a commercial real estate (CRE) property. One simple way to track tenant satisfaction is through surveys. Surveys provide data on what tenants think of your property. And by collecting this tenant data, CRE owners and operators can…
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BOMA 2023: It’s on property teams to provide a better tenant experience
This past week, Building Engines flew to Kansas City to attend the BOMA 2023 International Conference & Expo. Our team was joined by 300 other commercial real estate (CRE) experts from around the country. Most notably, Brynn Hogan, Director of Product Management, Building Engines, and Anastacia Anderson, VP Investor Partnerships, Flex by JLL. The two…
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BOMA 2023: What the best tech stack can mean for CRE properties
The Building Engines team had the pleasure of attending the BOMA 2023 International Conference & Expo in Kansas City from June 24-27. Experts from around the country flew in to discuss, learn, and connect with one other on everything commercial real estate (CRE). Sunday morning, Building Engines and JLL kicked off the day with the…