Make better decisions using best-in-class, unbiased market transaction comps that are relevant and specific to your commercial real estate assets.
WHO WE HELPED
The Head of Real Estate at a global, privately-owned engineering and construction firm and their brokerage.
THE CHALLENGE
This organization didn’t have access to data they needed relative to their markets and portfolio spend necessary to work toward their footprint reduction goal of 6 desks for every 10 employees. Because their brokerage wanted to give the client a trustworthy pool of data, we partnered with both the broker and the occupier to provide a defendable source of unbiased information.
THE SOLUTION
With Market Intelligence, this real estate team can see if they’re spending over- or under-market to help them understand how much they can save and when they can save it. They now have the ability to view risks and opportunities per square foot and cost implications of vacant rent across their portfolio.
THE BUSINESS IMPACT
The team used Market Intelligence to implement a $9.1MM savings plan by rightsizing portfolio for vacant rent across 17 core sites.
Market Intelligence delivers the real estate market intelligence you need to make the most cost-effective decisions across your entire commercial portfolio with features such as:
Portfolio Rent Audit summarizes both savings and risk as a function of total annual lease cost. It uses nearby lease comps and directly compares them to the $/PSF that you are currently paying.
Audit Data Details allows you to view the details of each comp as it compares to your current leased location. Just hover over points on the map to get more detail, filter locations and explore different markets of interest.
Market Explorer is a general market reporting tool enabling you to explore and filter real estate data by market.
Submarket Explorer allows you to drill down further into refined submarkets.
Performance Trends takes historical data from past uploads and trends it over time with a focus on market intelligence data.
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.
With BenchCore CRE benchmark software, 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.
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 workspace. 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.