ATLANTA, GA (June 26, 2012) – Technology is rapidly transforming the commercial real estate industry, and opportunities abound for brokers, owners and investors to increase efficiencies and profits.
The most recent episode of “America’s Commercial Real Estate Show” put the spotlight on some of the technology tools savvy professionals are using to make their jobs easier.
Ten Eight, a mobile appcreated by Patrick Braswell (top right photo), a principal with technology firm Ten Eight, allows prospective tenants to rate various components of office buildings while they’re touring the properties. The app, which is available for free to brokers and tenants, creates a score for each building to give the prospective tenant data to compare the facilities.
Tenants “start to have a hard time remembering what they saw, which of course leads to frustration,” Braswell said. “We wanted to make something that would help tenants capture their subjective feelings they have about a building while on tour and turn that into objective data to help them make a better real estate decision.”
Upcoming versions of Ten Eight will be available for retail and industrial properties and will also allow users to access site floor plans and property tour booklets, Braswell added.
Brendan Erickson (top left photo), a vice president of the software firm REI Wise, discussed his company’s Commercial Investment Analysis Software, which creates cash flow and return on investment analyses as well as property marketing materials from the same data entry.
“If you are in the dugout and not on the field playing ball, you’re missing out on a ton of opportunity, and we equate being behind a computer to being in the dugout,” Erickson said. “If we can limit the time and effort you’re putting in [in front of a] computer … our goal is done.”
Robin Webb, (lower right photo) CEO of CCIMTechnologies, provided an overview of his firm’s Site to Do Business, a research site that provides users comprehensive demographic information about a particular market or sub-market. For example, the site can help a broker who wants to know “where all the CPAs or lawyers are that might fit into a space that’s vacated,” Webb said.
Contact:
Stephen Ursery
Wilbert News Strategies
E-mail: sursery@wnspr.com
Office: (404) 965-5026
Cell: (404) 405-2354
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