Category: Industrial
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Solving critical CRE industry challenges in retail and industrial properties
Imagining a day in the life of a property manager might conjure scenes of someone scurrying through a building to investigate issues and meet face-to-face with tenants. However, that’s far from a typical day for retail and industrial property managers, who often oversee many properties from a central office. The lack of onsite teams leaves…
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How to extend equipment lifespan in CRE properties
In the commercial real estate (CRE) sector, maintaining the longevity of costly equipment like HVAC systems is crucial. Enhanced equipment lifecycle management not only significantly reduces cost but also optimizes property management operations. Here’s how to extend equipment lifespan in CRE properties with technology. Ensuring tenant compliance Tenant compliance plays a crucial role in how…
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3 ways proptech reduces risk in managing NNN properties
Risk management at your triple-net (NNN) properties is essential to healthy building operations. Maintaining a comprehensive understanding of all potential risks—from tenants’ financial health to unexpected maintenance issues—and implementing strategies to mitigate these risks are fundamental to protecting your industrial and retail properties. This blog explores ways proptech reduces risk in managing NNN properties, helping…
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What is vendor invoice management?
It’s no secret that maximizing operational efficiency and cost effectiveness remains a top priority for commercial real estate (CRE) professionals. Vendor invoice management is a key part of achieving these goals—a strategic process that, if harnessed correctly, can yield significant competitive advantages. It extends beyond mere transactional relationships; it plays a pivotal role in the…
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The power of proptech in vendor management: Bids and contracts
The commercial real estate (CRE) industry has seen a plethora of transformative technological advancements. One of the most impactful among these advancements is the integration of property technology, commonly known as proptech. Proptech, in essence, encompasses a wide array of digital platforms, software, and innovative technologies that are designed to enhance every facet of the…
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8 stats that decode the industrial real estate landscape
Even with 2024 well underway, we are continuing to see turbulence within the industrial real estate and logistics sectors. Owners and operators are revisiting their approaches and reassessing their strategies in an environment where the only constants seem to be the rise of average asking rates and swell in vacancy rates. Findings from a JLL…
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A guide to ensuring tenant compliance in industrial properties
Tenant compliance in industrial properties can be a multifaceted and complex process. Tenant compliance underlines the need for organization, transparency, and efficiency. First, central to the discussion is the NNN (Triple Net) Lease, where tenants not only cover rent expenses but also take care of the property’s: Hence the name, triple net lease! This unique…
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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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How to maximize your industrial building equipment lifespan in 5 easy steps
If there’s one truth industrial real estate owners can attest to, it’s that your property’s optimized performance is deeply rooted in the vitality of the building equipment. The heart and soul of your industrial property lies in every mechanical piece that brings it to life. That’s why it’s critical to extend the lifespan of equipment.…
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The benefits of digital HVAC management for industrial properties
Having a conversation about the industrial real estate sector invariably brings up, and lingers on, the topic of HVAC systems. It’s more than just temperature regulation, an efficient HVAC system creates the ideal environment for the storage of goods, ensures workers’ comfort and safety, and contributes significantly to a property’s energy consumption and sustainability initiatives. …