Category: CRE Trends
-
The Secret to Improving Vendor Selection for CRE Budget Season? Software
If you work in commercial real estate (CRE), does your vendor selection process help you stay on budget? Or do you pay more than you should for vendors? A good vendor selection process helps you get the best vendor at the best price, helping you stay on budget. But if your vendor selection process isn’t…
-
Commercial Real Estate Technology Trends to Watch Right Now
You know the old proverb: Necessity is the mother of invention. And COVID-19 has accelerated commercial real estate technology advancements. Over half (56 percent) of CRE respondents to the Forbes 2021 CRE Outlook survey said the pandemic exposed shortcomings in their digital capabilities. New solutions and tools are now hitting the market to help property…
-
Now Shipping: The Next Generation of Space Management
You asked, we listened. Building Engines is bringing visualization of building operations to commercial real estate. As you may remember, we recently announced new platform functionality for space management. This release came in response to customers saying that they spent too much time scrambling to find current versions of floorplans and waiting on responses from architects. Now, we’re going a step further by bringing you a completely new spatial…
-
5 Ways to Maximize Occupancy Rates and Improve Tenant Retention
Are you looking to maximize occupancy and improve tenant retention in the new normal? Social distancing, lockdowns, widespread work from home, and other pandemic changes have changed the CRE industry as we knew it. While these changes help keep you and your tenants safe, they can severely impact your occupancy rates and tenant retention. People…
-
Ravti Joins the Building Engines Family
We have been busy at Building Engines. We’ve been helping our customers increase their revenue, deliver the best occupant experience and reduce their operating costs through better building operations. We’ve been innovating on the Prism building operations software platform, even since its launch just a few months ago. And we’ve been continuing to keep an…
-
3 Unexpected Benefits of Visitor Access Software
Is your visitor check-in process slow, with little visibility? Manual visitor check-in processes can be time-consuming for you and your guests. Your visitors have to wait in line and provide their info – which can take 30 minutes or more. And, your team has to screen each visitor and make sure to save any important…
-
How Building Engines is Redesigning the Vendor Bidding Process
Service vendors are key to ensuring your property’s health and success. You rely on vendors for services like security, landscaping, HVAC repair and snow removal. Most times, these vendors are ones you’re used in the past, or have heard about from a trusted peer. While using someone you trust is important, this shouldn’t come at a hit…
-
6 Tips and Tricks to Make Bid Management Easier
Is your bid management process so time-consuming and difficult that it hardly seems worthwhile to send out an RFP? When you need a new vendor, you can go through the competitive bid process – which involves writing a request, sourcing vendors, communicating with vendors, comparing proposals, and choosing the right vendor. With so many steps…
-
3 Benefits of Using Chatbot Technology on Your Property
Is it easy for you to communicate with tenants quickly and through the channels, they prefer (like text or Slack)? 80% of tenants prefer to communicate through instant messaging channels such as texts or Slack. However, most property teams communicate through email and phone calls. If you communicate like this, you’re not creating the best…
-
3 Ways Poor Space Management is Hurting Your Revenue
Is your space management strategy hurting your revenue? If you manage your space poorly, then it could be. Managing your space properly enables you to maximize your RSF and position you for a better NOI. And, optimal space management helps you stay on top of expiring leases to minimize vacancies. Plus, you can speed up…