With BenchCore, you’ll be able to benchmark granular and FM-related commercial real estate stats on a global scale, gain valuable insights, make better strategic decisions, and easily share findings with your organization’s stakeholders.
Gain access to the vast BenchCore community where you can ask questions, collaborate and analyze findings from the experts in the field, RefineRE.
WHO WE HELPED
The Facilities and Head of Office Real Estate at a Fortune 100 oil and gas company.
This organization has historically relied on their brokerage to perform benchmarking reports, which has caused problems with biased, untrustworthy data and lack of customization abilities in order to drill down on the metrics that actually matter to the business.
BenchCore allows the facilities team to analyze the exact cost and size benchmarks that are relevant to them on a global scale. The team can now make cost-cutting decisions based on defendable data across metrics like global market asking rents and vacancy, domestic tenant improvement on new leases and renewals, quartile benchmarks, and site-versus-site performance.
THE BUSINESS IMPACT
This Fortune 100 utilized BenchCore’s peer benchmarking tool to set actionable and attainable goals, identifying over $45MM in operational cost savings opportunities globally.
The ability to view and analyze all of your foundational commercial real estate data in one easy-to-navigate dashboard is essential to being able to make defendable short- and long-term decisions about your commercial real estate portfolio.
The RefineRE CRE Portfolio Manager software module brings together the standard commercial real estate portfolio data you rely on every day, tracking and analyzing your most critical data points including transactions, portfolio trends, and key dates.
RefineRE’s Market Intelligence software module helps identify leases that are over or under priced while calculating potential risk and cost savings with commercial real estate market data. Gain visibility into detailed commercial lease comparisons and access general market reporting tools to stay up to date on performance trends across your commercial property portfolio.
Demonstrate leadership in corporate environmental stewardship and fuel sustainable growth for your organization with RefineRE’s ESG breakdown software module. This advanced CRE data module analyzes and benchmarks carbon footprint and emissions data by using the electrical spend by lease from your dataset.
Would your organization benefit from transitioning to a flex workspace? Find out with RefineRE’s FLEX real estate software module. With FLEX, you’ll be able to identify which commercial leases could benefit most from transitioning to flex space and examine details of individual flex space options nearby.
RefineRE’s Workplace Analytics software module uncovers the key metrics you need to help ensure cost-efficient use of every square foot of your commercial or corporate office space. Using data such as employee and desk counts, our space utilization software pinpoints both under- and over-utilized space and identifies cost savings by calculating vacant rent across your entire portfolio.
BenchCore is the leading corporate real estate benchmarking software solution. BenchCore allows members to benchmark against their own portfolio, their peers, and their markets.
BenchCore was acquired by RefineRE in April 2020 and has since been incorporated as a module within the RefineRE Business Intelligence Suite.
Corporate real estate benchmarking software allows users to benchmark against their own locations, their peers, and their markets in an interactive platform with dynamic filtering capabilities across region, country, city, asset class, ownership type, and facility size.
CRE benchmarking software differs from one-off benchmarking reports, in that one-off reports are a static snapshot of a moment in time. The benefit of a benchmarking software is the ability to track historical metrics and progress over time and customize filters and reports to align with business goals.
BenchCore clients begin the process of benchmarking corporate office locations by uploading their data in our platform and handing off the 52-step validation and cleansing process to their dedicated analyst.
Once all data is uploaded and validated in the system, users have access to our self-service benchmarking software where they can benchmark against other organizations, against their own portfolio, and against their markets.