Category: Building Operations
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Technology adoption in commercial real estate: Insights from an expert at RETCON 2023
Last week the Building Engines team headed to New York City for the annual Real Estate Technology Conference (RETCON). RETCON 2023 brought together the world’s leading commercial real estate (CRE) owners, operators, and developers to facilitate technology adoption and innovation within the CRE industry. Building Engines’ Jeff Thompson, Head of Global PM Technology Product Management,…
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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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What is flex space in commercial real estate? How can it help the office sector?
What is flex space in commercial real estate? Flexible space – also known as “flex space”– has become a hot topic in the commercial real estate (CRE) industry, especially in the office sector, as property teams face the possibility of shrinking leases and diminished renewals due to remote and hybrid work. With commercial flex space,…
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Prism and Yardi Voyager integration: Connecting accounting and building operations data
Data is necessary to run an efficient commercial building. But on any given day, commercial buildings produce so much information – including financial data, operational data, tenant data, maintenance data, and more. Managing and analyzing all this data efficiently and accurately can be a complex and time-consuming process. Additionally, many commercial real estate property teams…
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Building operations management: How property managers are streamlining workflows
This year, we’re seeing property teams work tirelessly towards improving their work order processes, tenant satisfaction, and building operations management. All three are inherently intertwined. When property teams struggle with managing work orders and building operations, tenant satisfaction can suffer while waiting for a resolution. The key for property managers in 2023 is finding a…
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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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FAQ: 8 Commercial Real Estate Questions from Property Teams Answered by Experts
The commercial real estate (CRE) industry landscape has changed so much in the past few years that it has left even the most veteran of professionals with questions. We recently met up with three CRE experts during the webinar, “What’s in Store for CRE Buildings Operations in 2023,” to talk about what they are seeing…