9 Startups Improving Commercial Real Estate In NYC

Technology is having a drastic and positive impact on our lives. Everyone feared that Uber and AirBnB would put taxi services and hotels out of business leaving many unemployed. Instead, Uber has begun to replace taxis that have awful customer service and is providing flexible part-time jobs to thousands of students and other people that need part-time work around the world. Hotels have seen a small decline in profits with the rise of Airbnb but it has given many mom-and-pop entrepreneurs some extra spending money by starting a small scale commercial real estate business. Travelers now have the option of staying at the hotel of their choice or staying in an AirBnB and experiencing the local city in an actual neighborhood and not a zoning district for hotels.

Tech is taking over in every aspect of our lives and commercial real estate is no different. Silicon Alley is at the forefront of cutting-edge startups that are creating SaaS products that make our lives much easier. Early users of these products are gaining an advantage on finding the ideal office spaces. Commercial real estate brokers around the world can learn from NYC and how they are gaining an edge on the competition by using tech to their advantage. Here are the best tools you can use as well.

#9 PiinPoint

PiinPoint is changing the way businesses identify the best location for expansion. Their modern day SAAS solution enables businesses to use powerful tools to search and validate locations throughout NYC. They centralize a variety of datasets such as traffic, demographics, and available commercial real estate to ensure businesses can make a fast and reliable decision about where to expand.

#8 Agent Desks

Agentdesks is a mobile and web solution that empowers real estate agents to be independent and manage their clients with the highest quality of support. Agents see high sales conversions through effective management of all properties, customers, teams and tasks in one place and through access to real property leads in their network. A mobile-first CRM aimed at empowering real estate agents and brokers to manage their workflow, client communication, and lead generation more effectively.

#7 REscour

REscour helps commercial real estate professionals make better decisions. A data aggregator and platform specifically developed for real estate professionals to gather, organize, track, share, and analyze information. They provide accurate and continuously updated insights by aggregating over 100 different types of data points from both public and private sources and then organize it onto a map and analyze it so their customers can quickly understand the market in just a few clicks. This results in faster and better intelligence. REscour does all of the heavy lifting and their customers know when they make real estate decisions they have the best, most up-to-date market intelligence available.

#6 42Floors

42Floors offers a service that allows users to search for commercial real estate online. Agents can list properties on the site for free and the company will handle scheduling arrangements with potential clients.

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#5 Nestio

Nestio is the dominant provider of cloud-based software for residential multi-family landlords and brokers to manage their leasing and marketing operations. Nestio enables residential professionals to manage inventory, track leads and deals, advertise listings and access performance analytics – in real time, from one platform. The result is landlords and brokers save time and make significantly more money by communicating information more efficiently, thus renting inventory faster.

#4 CompStak

Brokers, appraisers, and researchers use CompStak Exchange to trade actual, deal-level transaction records. CompStak can complement your existing database or fully replace it. Their comps are: recent, accurate, searchable, and 100% free.

#3 Honest Buildings

Honest Buildings is the leading integrated, data-driven project management and procurement platform built for commercial real estate owners and managers. Honest Buildings centralizes project data, increases transparency, automates bid management and standardizes reporting. Honest Buildings’ customers have used the platform to manage over $1 billion in capital projects, making it the most widely used building technology platform of its kind.

#2 Hightower

Hightower is the leading leasing and asset management platform that enables commercial brokers and owners to increase returns, improve productivity, and reduce risk. Hightower’s intuitive platform enables CRE professionals to collaborate with their teams, manage important files, and update deals all in real-time from the web or their mobile devices.

#1 VTS

VTS is a cloud-based leasing and portfolio management platform that provides brokers and owners with real-time access to everything happening throughout their portfolio. Tailor made to streamline the entire leasing process, the platform enables tracking and analytics across live, active deal flow. Brokers get their portfolio and team onto a single platform to interact with data, identify trends, highlight opportunities and quickly raise red flags when necessary. Everyone involved becomes faster and smarter from a mobile phone or desktop.