Welcome to Lobby CRE’s 2024 content round-up! This year has highlighted the transformative power of technologies like Artificial Intelligence (AI) and the importance of strategic planning in navigating today’s commercial real estate (CRE) market. To help you stay ahead, we’ve curated five standout resources from our clients, partners, and industry experts to help you optimize your portfolio and gain a competitive edge.
Artificial Intelligence (AI) tools are transforming the way CRE professionals analyze data and make decisions. This infographic provides a practical, step-by-step guide to using AI for better decision-making and improved asset and portfolio performance. From defining clear objectives to refining queries for actionable results, it provides you with the framework you need to navigate complex data and market shifts. Discover how adopting AI-powered querying techniques can help uncover hidden opportunities, enhance cashflow, and give you a strategic advantage.
In the fast-paced world of multifamily CRE, business intelligence (BI) tools are transforming the way firms track and optimize their portfolios. This blog explores how BI tools are replacing outdated spreadsheets with real-time data insights to streamline operations, improve financial reporting, and make smarter decisions. From analyzing leasing activity and occupancy rates to optimizing income and expenses, BI tools empower CRE professionals with actionable insights that drive better financial outcomes and operational efficiency.
Asset managers are the unsung heroes behind successful CRE portfolios. This infographic spotlights their superpowers, from financial expertise and market analysis to risk management and sustainability initiatives. Learn how they combine strategic planning with cutting-edge technology to maximize asset value, optimize cashflow, and ensure long-term profitability in a competitive market.
Equity scenario planning is a game-changer for CRE leaders navigating unpredictable markets. This blog explores how equity scenarios provide insights into the impact of market fluctuations, interest rate changes, and asset performance on equity. Learn how to adapt swiftly, optimize profitability, and strategically navigate uncertainty with data-driven decisions.
Wondering if performance issues stem from your operations or broader market trends? The Income/Expense IQ Benchmark offers anonymized market data to help CRE professionals pinpoint areas of underperformance. This eBook shows how benchmarking financials against market standards can uncover opportunities, optimize budgets, and stay competitive in a rapidly changing landscape.
Additional Resources
Lobby CRE’s Content Round-Up for Q1 2024
As we find ourselves at the threshold of a new quarter, it is the perfect time to take a look back at the topics that were trending in the first quarter of 2024.
In this content round-up, we’ve curated a selection of articles from our own catalog, as well as other industry resources like Forbes and Bisnow. From discussions on data analysis to predictions for the year ahead, these topics dominated the commercial real estate (CRE) landscape. Continue reading to catch up on any articles you may have missed!
1. CRE Property Management Systems: The Power of Consolidation
When it comes to managing CRE property management systems (PMS), many firms may be operating with multiple systems across their portfolios. This blog highlights the challenges of data silos and inefficiencies arising from decentralized PMS usage, emphasizing the hindrances they pose to operational efficiency and strategic decision-making. By consolidating PMS, firms stand to gain improved operational efficiency, unified data and reporting, and faster, more accurate insights.
2. Unlocking CRE’s Data Potential in 2024
Data plays a pivotal role in navigating the CRE market amidst uncertainties such as escalating interest rates and dwindling transaction volumes. This article covers key topics such as navigating data sources for actionable insights, breaking down internal data silos to improve efficiencies, and harnessing AI, BI, and HI to advance data utilization. Highlighting the importance of understanding various data sources and centralizing data management, you learn how to implement data-driven strategies in optimizing real estate operations. Watch the on-demand webinar here!
3. Accessing & Leveraging CRE Market Benchmark Data
In the tumultuous landscape of 2024, data-driven decision-making is more important than ever before. This article highlights the value of data in CRE operations and explores strategies for unlocking its potential, including leveraging third-party data for key insights and utilizing benchmarking for informed decision-making. Download the checklist here to get started!
4. Analyze The Right Data For Your Real Estate Investment
This Forbes article discusses the importance of analyzing the right data when making real estate investments, looking beyond the traditional focus on location. It suggests considering factors like job figures, population data, demographics, foot traffic numbers, and city tourism and projects to gain insights into the market. The author highlights the significance of understanding trends in job growth, population growth, and industry presence in an area to identify potential investment opportunities. Additionally, utilizing resources like studies on office occupancy rates, apartment occupancy levels, and transit studies can help to make informed decisions. By leveraging available data, investors can assess the potential for a location to yield significant returns on investment beyond just its geographical appeal.
5. 40 CRE Execs Tell Us How 2024 Will Play Out — And What They’re Doing To Prepare
This Bisnow article features insights from 40 commercial real estate executives on strategies they’re employing to navigate the challenges ahead. Despite the difficult circumstances faced by the industry in 2023, there’s an overall sense of readiness and determination among these executives for the year ahead.
Key themes from the executives include:
- Adaptation and Diversification: Many executives emphasize the importance of adapting to changing market conditions and diversifying their portfolios to mitigate risks.
- Opportunities Amid Challenges: While acknowledging the challenges, several executives also highlight the potential opportunities that arise from market fluctuations and disruptions.
- Focus on Community Engagement: Some executives stress the importance of community engagement and collaboration in development projects to ensure positive impacts on local neighborhoods.
- Strategic Investments: Executives are focusing on strategic investments in stable asset classes and geographic diversification to weather uncertainties in the market.
- Operational Excellence and Customer Service: There’s a renewed emphasis on operational excellence and customer service as a means to add value and differentiate in the market.
- Long-Term Vision: Despite short-term challenges, many executives are maintaining a long-term vision and planning ahead for future market conditions.
Overall, while acknowledging the need to “survive till ’25,” these executives are also looking for ways to thrive by adapting their strategies, focusing on operational excellence, and identifying opportunities in the midst of market uncertainties.
Stay Up-to-Date With Lobby CRE
Stay tuned for more content and resources from Lobby CRE in the next quarter ahead! Visit our resource center to view our full catalog of best practices and thought leadership content for the commercial real estate industry.