CRE Software: 10 Leading Proptech Tools for You to Consider

July 15, 2022
7 min

Any player in the commercial real estate business needs software to automate the day-to-day tasks and operations—on an individual or company-wide level.

With great commercial real estate software, you can easily streamline and optimize processes for:

  • Monitoring commercial property’s performance using financial modeling
  • Prospecting commercial tenants and owners
  • Originating and tracking leases, loans, etc
  • Mapping the properties
  • Determining the value of an asset
  • Full-cycle customer relationship management.

Whether you’re a commercial real estate broker, landlord/tenant rep, investor, or service provider, you need to have industry-oriented software tools in your arsenal.

And that’s the purpose of this guide: to show you 10 best commercial real estate software and Proptech tools available to boost your sales and let you close more deals.

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What is CRE Software?

CRE software is a web solution created and designed to help specialists improve their commercial real estate strategy, common area maintenance, and business processes. Commercial real estate software makes your company’s life easier.

Landlords, tenants, commercial property managers, workplace leaders, real estate teams, and property managers can all benefit from CRE software.

From listing your properties to advanced analysis of your assets – CRE software has relevant features to cover all your business needs.

Types of CRE Software

The categorization of CRE software and Proptech tools is based on the core functionality needed for industry specialists.

When you choose commercial property software, you need to know the difference in software functionality to find the best one that perfectly matches your CRE business.

A suitable software will save your time and money, boosts the effectiveness of your business, and increase the number of leads.

If you’re a commercial real estate investor, tenant rep broker, facility manager, broker, lender, property manager, this outline of commercial real estate broker software provides many viable options to incorporate into your workflow.

The list is segmented based on key functions of the commercial real estate industry:

  • commercial real estate financial modeling software
  • commercial real estate prospecting software
  • commercial real estate valuation software
  • commercial real estate mapping software
  • commercial real estate lease management software.

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Commercial Real Estate Prospecting Software

This type of CRE software aims to generate new leads using specific tools for outreach, cold-calling, and personalized warm-ups.

AscendixRE

AscendixRE is one of the top commercial real estate prospecting software developed by the industry’s leading consultancy firm, software developer, and just a solid player in the commercial real estate market – Ascendix.

AscendixRE helps you prospect, capture, and nurture your leads to turn them into qualified commercial property buyers or renters through a significant number of built-in lead generating and marketing tools, personalized email campaigns, or phone calls right from the system.

Trusted by commercial real estate giants like JLL, Transwestern, Cresa, Savills, Colliers International, and others, AscendixRE is considered the best commercial real estate software.

It is a perfect fit for tenant rep brokers, landlord reps, investment sales brokers, and property managers that want to prospect qualified leads.

By implementing AscendixRE commercial property software, you get:

  • Advanced prospecting tools for outreach and lead generation (automatic reminders, personalized emails, etc.)
  • Ability to convert inquiries at a glance
  • Branded marketing collateral for mass emailing to your prospect clients
  • An extended list of properties and availabilities that match your clients’ requirements thanks to the detailed filtering functionality
  • And more!

AscendixRE offers bespoke customer support and consulting services that let you use this CRE software freely and easily.

 

ProspectNow

ProspectNow is a cloud-based software solution that provides users with such contact information as phone numbers, mailing addresses of commercial and residential property owners, building details, etc. In other words, ProspectNow is an online database that helps you to prospect clients.

ProspectNow is suitable for CRE brokers, investors, lenders, and insurance agents. This commercial property software makes it easy to find property owners, predict sales, send out letters, analyze market segments, and more.

ProspectNow pricing starts at $119.00 user/month. There is a free version but no free trial.

Commercial Real Estate Mapping Software

This type of CRE software empowers professionals with the fundamental geographical and mapping analysis proptech tools needed for visualizing locations and assessing them for desirable qualities.

 

Ascendix Search

Ascendix Search is a Salesforce-based solution that comes along with AscendixRE. Ascendix Search simplifies the mapping process by performing single/multi-criteria, intuitive cross-object searches, bulk edit records, export lists to Excel, etc.

By using Ascendix Search, you can:

  • Search by Radius
  • Map your Salesforce data using geometric shapes
  • Apply multiple filters to create a query that displays a list view with pins on the map
  • Search for records using multiple search criteria, related objects, new search operators, NOT IN, AND, OR conditions, maps, and charts
  • Mass update, follow, export to Excel
  • Create lists views of prospects, accounts, cases, properties, or any other objects on your own
  • Convert Salesforce lists to a map to analyze your data and plan your meetings and campaigns.

Hundreds of clients admit the advanced functionality of Ascendix Search and its vast impact on the commercial real estate business.

 

LandGlide

LandGlide is another commercial real estate mapping software that offers advanced data parcel functionality. It quickly searches for property information and shows it in an intuitive mobile app interface.

With LandGlide app, you can:

View and search maps to access 150 million parcel records;

Use GPS location-based technology

Get such property info as the owner, address, and other details including sale price, transfer date, and school district by choosing the property on the map

Ability to drop a pin to save the property, add notes by the property, and export your saved properties in offline mode.

Commercial Real Estate Financial Modeling Software

This type of CRE software aims to create financial analytics reports for complex developments and transactions.

 

Stessa

Stessa is accounting software for commercial real estate investors. This software saves time and optimizes single-family rentals and multifamily buildings with visual performance dashboards, automated tracking of income and expenses, document organization tools, and tax-ready financial reports.

You can start working in Stessa in minutes: just add your properties, link your financial accounts, and get updates in real-time.

 

Re-Leased

Re-Leased is a cloud-based commercial property software that automates operations and centralizes property data. Re-Leased puts all lease and accounting data in one place and makes it accessible for viewing and editing from any device.

This commercial real estate financial modeling software is designed for landlords and property managers of commercial and mixed property.

Re-Leased delivers ease of use, mobile and user-friendly design, automation of time-intensive tasks, and powerful integrations with such software as Xero and QuickBooks Online.

Commercial Real Estate Valuation Software

With this type of CRE software, you can assess the property value by considering multiple comparables (current market price, overall maintenance costs, space rent, and more).

 

Property Metrics

Property Metrics is a web-based valuation and analysis software for commercial real estate developers, brokers, investors, appraisers, lenders, and consultants.

This software helps you create, analyze, and share a commercial real estate proforma. It stores all data in the cloud, includes detailed lease inputs and market leasing assumptions.

The software itself is simple-to-use and affordable.

 

ARGUS

ARGUS Enterprise is another excellent example of commercial real estate valuation software. It has comprehensive asset and portfolio management solutions.

Real estate asset managers and investing companies use ARGUS to:

  • value a property (office, industrial and logistics, retail, multi-family/build-to-rent, and hotels)
  • manage assets and track asset performance risks
  • forecast cash flows.

ARGUS Enterprise offers three solutions:

  • Valuation DCF
  • Valuation Capitalization
  • DYNA Asset Management.

All of them enable you to run commercial property valuations and manage the performance of your real estate assets.

Commercial Lease Software

This type of CRE software helps brokers track and manage net leases/leases expirations of commercial properties. Generally, it includes a wide range of automation systems, such as leasing calculations, forecasting, etc.

 

Yardi Corom

Yardi Corom® is a complete commercial lease management software solution for corporate occupiers and retail tenants to achieve FASB ASC-842, GASB, and IFRS 16 compliance. The software itself can be fully integrated into your existing technology stack.

Yardi Corom helps corporate occupiers and commercial tenants with lease management to manage leases for commercial real estate, centralize transactions, automate lessee accounting, and more.

A fresh and simple user interface with powerful features helps you to:

  • Manage all your commercial real estate and equipment leases in one place
  • Track the performance metrics via dashboards and custom reports
  • Set up reminders about the expiration of lease contracts
  • Centralize the portfolio data in a single commercial real estate lease management software.

 

AppFolio

AppFolio is a cloud-based solution for property managers. It is available for one month and includes:

  • Easy vacancy posting
  • Online rent collection
  • Leasing metrics dashboard
  • Online applications and lease agreements.

Additionally, AppFolio offers an AI Leasing Assistant – Lisa, that can handle routine tasks, and remove distractions for the leasing team while you can focus on converting qualified leads into residents.

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Using our CRE software you can market your Listings/Availabilities and sell/lease your Properties in one place. Request a demo.

Final Words

Choosing the right CRE software and Proptech tools can be a hassle. The above- mentioned commercial real estate software tools aim to help brokers, investors, lenders, appraisers with every task associated with the day-to-day tasks. Moreover, with the right set of tools, you can answer the following questions:

  • Which marketing channels offer the best ROI?
  • Where do we need increased focus?
  • How many converted leads are required to reach optimal future occupancy?
  • What do I need to automate to dominate the market?

I hope the list of CRE software presented in this article sheds light on what commercial real estate software solutions are best for you. Check back often as we will continue to update this commercial real estate broker software list.

FAQs

What Commercial Real Estate Software Solutions Do I Need?

The best commercial real estate software is the tool that does what you need it to and works for you for 100%.

If you need assistance in choosing the most suitable software for your CRE business, feel free to contact us.

What Is the Best Commercial Real Estate Software?

As there is no “all-in-one” software to cover all the aspects of commercial real estate industry properly, consider the tools that cover specific needs.

For example:

  • Commercial Real Estate Prospecting Software: AscendixRE, ProspectNow
  • Commercial Real Estate Mapping Software: Ascendix Search, LandGlide
  • Commercial Lease Software: AscendixRE, Yardi Corom, AppFolio
  • Commercial Real Estate Financial Modeling Software: Stessa, Re-Leased
  • Commercial Real Estate Valuation Software: Property Metrics, ARGUS

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