Top Commercial Real Estate Tools to Gain a Competitive Edge

In competitive markets, those who make informed decisions often secure advantageous positions. Modern leaders have many tools at their disposal to help guide wise investments, in the realm of property, commercial real estate tools are those that help to maximize returns.

Whether to increase operational efficiency, optimize portfolio performance or identify low-risk, high-return opportunities before the competition, commercial real estate platforms represent a key component of an effective management strategy; but which tools are worth leveraging?

For leaders wishing to make the most of dynamic markets and develop proactive investment strategies, below we discuss the top commercial real estate tools to gain a competitive edge.

1. PropertyShark

PropertyShark is an in-depth real estate data and research platform that provides users with in-depth, timely information about commercial properties. The platform uses a combination of government and proprietary data to provide key asset details like building characteristics, zoning and tax histories, as well as financial and legal data to help guide informed decisions.

Through PropertyShark, users can find the true owners of commercial assets, often masked behind LLCs, to drive streamlined negotiations. In addition, the platform offers daily updates on foreclosures, pre-foreclosures and auctions to help users identify high-return investments before the competition, alongside interactive mapping tools to aid market value assessments.

2. View The Space

View The Space is a commercial real estate software platform, aimed primarily at landlords and brokers, that provides support in leasing and deal management. Business owners can use the tool to monitor market activity across their entire portfolio and identify opportunities for improvements by using real-time market data to inform property management decisions.

View The Space users can track active deals, vacancy exposure and lease data across their portfolios to simplify the day-to-day management of real estate assets. Additionally, the tool can be used to publish and manage listings in a centralized online space and provide virtual tours to interested parties, helping to improve the efficiency of negotiations and transactions.

3. DocuSumo

DocuSumo is an intelligent document processing platform that uses cutting-edge AI tools to convert unstructured documents into actionable data. The platform is commonly leveraged to aid commercial property management by way of converting lengthy, unstructured documents such as lease agreements into structured summaries to help maximize operational efficiency.

By leveraging DocuSumo, commercial property owners can speed critical processes like rent-roll extraction, T12 processing and underwriting to provide leaders more time to focus on day-to-day operations. The platform can also be used to streamline wider workflows through integrations with CRMs and ERPs to power resource-saving, business-specific automations.

4. CoStar

CoStar is a leading real estate data and analytics platform that provides access to property records, comparable sales and market trend data across commercial real estate assets. The platform can be used to identify investment opportunities, assess values and manage sales across wide-ranging types of real estate assets to simplify property management operations.

CoStar is commonly used by business leaders to find timely information about office, retail and industrial real estate. Leaders can use the system to review rental rates, assess property values and analyze market trends to help drive informed negotiations and sales transactions.

5. Argus Enterprise

Argus Enterprise is an intelligent commercial real estate software tool deployed by business leaders to aid property valuation, cash flow forecasting and asset management operations. The platform enables users to forecast property performance, model cash flows and create detailed reports built using timely data to support wide-ranging decision-making processes.

Business leaders can leverage Argus Enterprise to professionally model lease types across numerous kinds of assets including retail, office and industrial spaces, as well as run detailed risk assessments and forecasting models to help ensure investments are worthwhile. Users can also create in-depth reports for investors and lenders using industry-standard templates.

Use All the Tools at Your Disposal

Whether searching for new business premises, managing existing portfolios or exploring new investment opportunities, commercial real estate software can help to inform decisions and streamline operations, particularly when deployed together as part of an integrated workflow.

By leveraging the above-mentioned tools to identify assets, assess values, monitor trends and improve efficiencies, stakeholders can make forward-thinking decisions amid dynamic markets, helping driven business leaders to stay one step ahead of their closest competitors.

Photo by Monterey Company on Unsplash

Photo by Monterey Company on Unsplash