The Commercial Real Estate Investor Podcast 253. Commercial Real Estate Tech: Occupier | with Nate Smoyer
Key Takeaways:
The commercial real estate industry, particularly the leasing process, has been slow to adopt technology and modernize workflows. Brokers often rely on manual, email-heavy processes.
Occupier is addressing this by building a deal collaboration platform to provide a centralized, transparent system for tenant reps and their clients to manage the leasing process.
The commercial real estate market is highly fragmented, with different trends and dynamics playing out in various sectors (office, retail) and geographic markets. Blanket statements about the overall market can be misleading.
Private equity involvement in some legacy brands has led to neglect of the core business in favor of monetizing real estate assets.
There is potential for AI and data analytics to revolutionize commercial real estate decision-making by quickly analyzing large amounts of data to provide valuable insights.
Occupier is taking an end-to-end approach, also providing lease management and accounting software to give corporate tenants more control over their real estate portfolios.