Author: Jessica Delahunt
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Checklist: How to Winter Proof Your CRE Property
Winter’s almost here, complete with rain, freezing temperatures, ice, and snow. So is your commercial property winter proof? Every season poses challenges for a building, such as heavy rain in spring and sweltering heat in summer. In winter, snow, ice, and cold will wreak havoc on a building and tenants if you’re unprepared. From pipes…
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How to Create a Preventive Maintenance Plan & Process to Keep Your Assets Running
Do you have a preventive maintenance plan in place—and a process to follow this plan? Having a standardized preventive maintenance process can increase the life of your equipment and assets by 10x. Preventing high replacement costs increases profit margins. So how do you create a standardized preventive maintenance process that works? Consistency and visibility are…
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Use Space Management Software to Visualize Floor Plans & Unlock Revenue
If you’re not using the latest building measurement technology and methods, you probably aren’t maximizing your building’s revenue. Property teams should be using the newest Building Owners and Managers Association (BOMA) measurement standards to avoid undercounting hundreds or even thousands of square feet of potential rental revenue generation. Using architects to measure rentable square footage…
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Understanding the Industrial Real Estate Boom
The COVID-19 pandemic cast doom and gloom for much of the commercial real estate industry. Commercial offices sat empty for months. Foot traffic dwindled in already-struggling retail spaces. The one bright spot? Industrial real estate. Even prior to the onset of COVID-19, industrial real estate was a growing sector, due largely to increases in e-commerce…
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Protect Your CRE Organization from Cyberattacks
At first glance, the commercial real estate (CRE) industry doesn’t seem like a prime target for cyberattacks. As a result, establishing a cybersecurity plan might seem a low priority. After all, most CRE firms typically maintain less personally identifiable information (PII) or valuable intellectual property (IP) than companies in some other industries. But don’t be…
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Preventive Maintenance Pitfalls: Why Your Strategy Isn’t Working
Many property teams are still stuck in the Dark Ages when it comes to maintaining key building assets and equipment. Their ‘preventive maintenance plan’ mainly consists of waiting around for equipment to break down before treating it. The consequences of this wait and see approach are predictable, and expensive. Building conditions go swiftly downhill when…
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Can You Respond to Tenant Requests in One Minute?
The next time your team receives a request from your commercial tenant, start the clock. To ensure tenant loyalty and drive lease renewals, you can’t overlook the value of fast, thorough tenant service. In current market conditions, property teams don’t want slow responses to be the nudge that prompts tenants to downsize their spaces, implement…
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Top Work Order Software Features in 2021
As commercial tenant expectations rise, they have little patience for buildings with equipment problems. Tenants expect key building systems and equipment to always be in good working order, and they want to be kept informed if things go wrong. The best way to meet these expectations is by using work order software. Now, even the…
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Keep Tenants Safer During COVID-19 With Visitor Management Software
Roll out the welcome mats. Tenants are finalizing their return-to-office plans, with many organizations setting their sights on a post-Labor Day phased re-entry. But tenants won’t be coming alone. As buildings slowly return to higher occupancy levels, you’ll also need to welcome tenants’ guests, service vendors, third party leasing teams, and more. This is where…
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Understand BOMA Measurement for Retail, Industrial, & Mixed-Use Properties to Maximize Revenue
Mastering a new Building Owners and Managers Association (BOMA) measurement standard doesn’t exactly make for light beach reading. But failing to measure commercial buildings accurately can potentially cost you millions of dollars in untapped leasing revenue. Exhibit A: Real estate investment, development, and management conglomerate the Feil Organization uncovered an additional $11.7 million in additional…