The last 25 years saw an explosion in Commercial Real Estate technology. While many of the solutions were great, some fell short and others were deployed in organizations not quite ready to evolve beyond Excel. The timing for a CRE tech revolution was off. But that’s changed as pressure has mounted to meet both bottom line demands and top tenant requirements.
Building occupants today expect not just a great space, but also a stellar experience. However, property managers are tasked with cutting costs while increasing NOI. Unfortunately, the two cannot be mutually exclusive.
CRE organizations that will win in the next decade are those who can address both of these needs by optimizing their building operations.
At Building Engines, we’ve been focused on the kind of innovative, new CRE technology that can help YOU create an exceptional building experience for all since 2001 – and we recognize the industry has changed a lot since then. We’ve learned a lot from our 750+ customers who manage 2.4B square feet across 25,000 buildings with Building Engines and have built a platform from the ground up to support not only today’s operational needs but also future ones. The best building experience requires predictable operations and effortless communications, which can only be fueled by modern, integrated technology.
If you’re not a customer of ours yet, watch the short video above to hear why it’s now a strategic imperative to invest in your building experience.
If you’re planning your technology stack for the next decade, we believe the best-performing portfolios will standardize on three best-of-breed platforms:
- Building operations: brings together all elements critical to operations—such as risk management, services procurement, tenant services and more. We believe Building Engines will be the premier platform in this category.
- Accounting: manages the financial transactions of revenue and expenses
- Leasing and Brokerage: manages the buying and selling of buildings and spaces within them.
These pillar platforms will serve as the cornerstones of the modern CRE tech stack, and they will be developed from the ground up to support the needs of today’s portfolios: offering an open architecture, providing enterprise-class capabilities like security and scalability, and ensuring a quick time to value.
The portfolios who embrace this will deliver the best building experience and delight occupants in the process.
I hope you’ll join us on this journey. Happy New Year!