Category: Space Management
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The most profitable commercial real estate starts with better space management
Commercial real estate (CRE) owners have done it all to yield a better return on investment (ROI) at their properties – from improving the tenant experience to increasing energy efficiency at their buildings. But it still might not be enough. Have you considered better space management to create the most profitable commercial real estate? It…
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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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20 Commercial Real Estate Terms and Definitions for Space Measurement
We know it can be difficult keeping track of all the different commercial real estate terms and definitions. And when it comes to space measurement terminology, definitions become even more granular. To make it easy for you, we put together the 20 most important space measurement terms for you to have on hand whenever you…
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5 BOMA Definitions to Know: Understand Space Measurement Terminology
What is BOMA? BOMA is the Building Owners and Managers Association International. It has been the leading trade association for commercial real estate (CRE) professionals for over 100 years and represents owners, managers, and service providers of office, industrial, medical, corporate, and mixed-use properties. The association is the primary source of information on building management…
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BOMA Measurements for Retail Space: Understanding the Latest Updates
Updates to BOMA’s Standard Method of Measurement for Retail Properties were rolled out in March 2020 and commercial real estate (CRE) properties are still making the necessary adjustments. The BOMA 2020 Retail Standard guidelines include new features and clarifications from the previous, 2010 Retail Standard. The update to BOMA measurements for retail space is intended…
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5 Ways Space Management Software Makes CRE Property Teams’ Jobs Easier
Do you know exactly where the problems are in your building? How about the exact areas of your building that tend to have the most problems? Are your property teams responding quickly enough to tenant requests? Do you know how satisfied your tenants are with your time to resolution? Space management software can help you…
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How COVID is Changing Space in Commercial Buildings and How You Can Adapt
Since the onset of the pandemic, the workplace has seen many changes. Now, employee safety and spatial regulations are top priorities for commercial real estate (CRE) owners and operators as tenant expectations evolve. Through space measurement data collection, property teams can account for changes to spaces while maximizing rentable square footage (RSF). With tenants returning…
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How Laser Scanning Technology Speeds Up CRE Space Measurement Projects – And Why It Matters
When measuring the space of a commercial real estate (CRE) property, speed and accuracy are key. After factoring in COVID concerns, tenants don’t want people in their spaces for extended periods of time. With tenant comfort and safety top of mind, property management teams are always searching for new ways to keep relations at ease. Laser scanning…
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What is Included in Rentable Square Feet When Buying, Selling, or Refinancing a Commercial Building?
Why is it so critical in commercial real estate (CRE) to know the rentable square footage of a property? And what is included in rentable square feet when measuring the space of a commercial building? Great questions! We’ve got the answers. Whether you’re a seller, buyer, or refinancer of commercial real estate, it’s imperative to…
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4 CRE Leasing Challenges Solved with Office Space Management Software
Using office space management software to maximize leasing efficiencies is helping to keep the CRE industry alive post-COVID. While the pandemic slowed down business, the activity for commercial office properties has picked up. If you’re an asset manager, broker, or property manager, utilizing space management tools can help you solve the long-standing challenges faced in…