Behavioral Changes in Commercial Real Estate Professionals and the Growing Need for Notifications

By Guy Gray | Critical Date Management

Jul 24
Behavioral Changes in Commercial Real Estate Professionals

Sometimes lost in the lightning-fast evolution of the digital revolution is the fact that we’ve had resulting behavioral changes that affect our personal and professional lives. We receive push notifications and reminders for the most minute and mundane aspects within our personal lives, so it’s no mystery as to why we have built a reliance on technology to keep us on track.

You lean on technology to remember birthdays in your personal network, so it’s easy to understand the value of critical date notifications that have far higher consequences when you forget them. Let’s dive deeper into why there is a growing need for notifications and how commercial real estate software can help.

Behavioral Changes in CRE

The way we do things as commercial real estate professionals has changed over recent years. Instead of manual accounting, we rely on spreadsheets or (even better) technology. Instead of gathering data manually about the market, we have others crunch the numbers for us. Our phones alone allow us to do more than a team of CRE pros could do in the past. But we can still get overwhelmed by tasks and keeping track of critical dates.

The Growing Need for Notifications

As we become more technologically advanced, we become more in tune with everything going on in the world around us. This can be a bit overwhelming sometimes, which is why many people cut back on information they have available to them in order to reduce stress. But we still want to be reminded about things that are most important to us. How do you find a balance?

In our personal lives, we want to be notified about things like birthdays, anniversaries and whether our checking account is getting low. In our professional lives (specifically as CRE pros), we want to be notified about things like rent dates, lease commencements/terminations, option/right dates and more. But you have to draw the line somewhere.

The only way we can balance everything we have going on is through the smart usage of notifications. If you’ve struggled doing that for your professional life, CRE software can help.

How Commercial Real Estate Software Helps

With CRE software like Quarem, you can identify the key dates related to your space and prepare customizable alerts. Get them on the device you prefer, at the time you prefer, in the frequency that you prefer. Additionally, CRE software lets you post notes about any information related to your notification, so you’ll always have context when you get one. Other added features of notifications and date tracking with CRE software include:

  • Comparing actuals versus targeted projections
  • Cataloguing and organizing your dates and tasks based on priority level
  • Pinpointing dates for projects based on metrics like location or client
  • Collaborating with team members and remotely monitoring progress

If you’re interested in seeing how Quarem can keep you on track with notifications, request a demo today.

About the Author

Guy Gray serves as Chief Operating Officer overseeing our technology and client services teams. He is responsible for guiding Quarem application development, networking and security, as well as new client implementations.

>