Technology Tools for the CRE Professional
There have been quite a few new technology offerings hit the commercial real estate sector over the last couple of years. The good news is that these companies are bringing choices to the marketplace. Everyone in commercial real estate seems to be interested in new technology.
It seems that anytime that I write about new CRE Tech offerings, you can count on the fact the post will be viewed often. However, it is one thing to write about a new tech offering and another matter all together to incorporate the product or service into your day to day real estate practice.
With all these new offerings the decision of what services or products to use is becoming more difficult. So what technology am I actually using? Here is a run down of the new products that I am currently utilizing, along with a couple of the old “go to” technology offerings.
Apto is a scalable commercial real estate brokerage CRM and deal management app built on top of the Salesforce platform. I chose Apto because it was customized for commercial real estate yet provides the power and features of Salesforce.
CoStar Go | CoStar Property
Competition is a good thing and there are some new players looking to provide an alternative to CoStar and LoopNet. However, if you want your property to gain maximum exposure online, then LoopNet is the place.
As a tenant rep broker, TenEight may just be my favorite new app that brings efficiency to the process of selecting office space, creating tour books and managing transaction documents.
Lease Matrix | REI Wise
There are multiple lease analysis offerings in the marketplace and I have used or currently have licenses with all the major players in this niche. I currently use both REI Wise and LeaseMatrix with the latter as my favorite for quick lease analysis, just because it is so simple to use.
Also, I am anxiously awaiting for Compstak to arrive in the Houston marketplace. I have spoken to Michael Mandel recently and am looking forward to giving Compstak a whirl.