Data is more versatile than you might think. It’s helpful with decision making, of course, but can also assist with things you might not think of at first, such as relationship building, risk analysis and leadership improvement.
True, commercial real estate and traditional leadership roles don’t always coincide with each other, but the fact is, if you have other members on your team, good leadership can benefit everyone involved. Here’s how using the right data with CRE software can help you become a more informed, better leader.
What Makes a Good CRE Leader?
Leadership styles vary and narrowing down a singular definition of a good commercial real estate leader is subjective at best. But there are certain characteristics that are often common among CRE leaders with the happiest and most productive teams. Here are a few examples of the leadership traits you should be aiming for in commercial real estate:
- Confident decision making
- Optimistic outlook
- Transparency and integrity
- Good communication
- Respect and empathy
These traits can apply to all levels of CRE leadership, from executives to team managers.
The Role of CRE Technology in Leadership
So where does CRE data come into play? Let’s look at the above characteristics and break down some examples of how data impacts each of them:
- Accurate, organized, easy-to-understand data gives confidence for decisions
- Detailed forecasting and projections help with preparing for the future
- Sharing data with team members shows transparency and trust, as well as keeps them in the loop and helps avoid uncertainty
- By sharing data with team members, you also show that you respect and value them
Tools Needed for Good CRE Data
The only question is, how do you ensure you’re getting good CRE data? It starts with the tools you’re using. Spreadsheets and mixed software solutions are unorganized, unspecialized and prone to human error. Commercial real estate software, on the other hand, uses powerful organization and visualization tools to help you analyze and report on your CRE data better.
Furthermore, the best CRE tools like Quarem can help you easily share data with team members regardless of their location and the device they’re using.
If you’d like to see how CRE software like Quarem can give you better, more organized and more accurate data, request a demo today.