In today’s fast-paced world, technology has become an integral part of the commercial real estate industry. Mobile devices such as the iPhone have made it easier for commercial real estate investors and brokers to access vital information and manage their portfolios on the go.
While you keep reading this article, you can also check out our list of the top 10 rental property management iOS apps for landlords.
Best iPhone Apps for Commercial Real Estate Brokers
In this article, we will explore the 10 best iPhone apps for commercial real estate investors and brokers.
- LoopNet Commercial Real Estate Search – LoopNet is one of the more popular apps in the commercial real estate broker community. This app provides access to thousands of commercial properties for sale and leases across the country. Users can easily filter search results based on location, property type, price, and more.
- REscour – REscour is a real estate data platform that provides detailed analytics and insights on commercial properties. This app enables users to view market trends, demographic data, and other critical information that can help inform investment decisions.
- Ten-X Commercial Real Estate – Ten-X is a digital platform that connects commercial real estate buyers and sellers. The app enables users to bid on properties in real time and provides access to detailed property information and due diligence reports.
- Buildout – Buildout is a marketing and proposal generation platform designed for commercial real estate brokers. The app enables users to create professional marketing materials and manage their property listings from a single dashboard.
- Evernote – Evernote is a popular note-taking and organization app that can be useful for commercial real estate professionals. The app enables users to take notes, create to-do lists, and store important documents in one place.
- DocuSign – DocuSign is an electronic signature app that enables users to sign and send documents securely from their mobile device. This app can be particularly useful for brokers and investors who need to sign and execute contracts on the go.
- Real Capital Analytics – Real Capital Analytics is a global real estate data and analytics platform. This app provides access to detailed market data, including transaction histories, pricing information, and property details.
- Apto – Apto is a cloud-based CRM and deal management platform designed specifically for commercial real estate brokers. The app enables users to manage their contacts, track deals, and automate workflows from a single platform.
- Property Fixer – Property Fixer is a real estate investment analysis app that enables users to quickly estimate the potential return on investment for a property. The app includes built-in calculators for calculating potential profits, ROI, and other critical metrics.
- BiggerPockets – BiggerPockets is a popular real estate investing platform that provides access to educational content, networking opportunities, and a marketplace for buying and selling properties. The app includes forums, podcasts, and articles on a wide range of real estate topics.
These 10 apps are just a few examples of the many mobile tools available to commercial real estate agent and brokers. By leveraging these apps, professionals can streamline their workflows, access critical information, and make more informed investment decisions on the go.
How to Make a Better Use of These Real Estate iOS Apps?
To gain a better understanding of how these apps are being used in the commercial real estate industry, I spoke with Alex Nicoll, a commercial real estate broker with Keller Williams in New York City.
According to Nicoll, “Mobile apps have become an essential part of our day-to-day operations as commercial real estate brokers. These apps enable us to quickly access property information, communicate with clients and colleagues, and manage our deals on the go.”
Nicoll also highlighted the importance of using apps that integrate with existing workflows and tools. “The best apps are the ones that seamlessly integrate with our existing workflows and platforms. For example, we use Buildout to manage our property listings, and the app integrates with our CRM and email platform, making it easy to manage our listings and communicate with clients.”
In conclusion, the commercial real estate industry is rapidly evolving, and mobile technology is playing a significant role in this transformation. With the right apps, investors and brokers can streamline their workflows, access critical information, and make more informed investment decisions on the go.
However, it’s important to note that technology is not a replacement for human expertise and judgment. As Nicoll stated, “Apps can provide valuable data and insights, but they don’t replace the knowledge and experience of a seasoned commercial real estate broker.”
When it comes to crime and its impact on commercial real estate, technology can also play a role in improving safety and security. According to a report by the Metropolitan Police, commercial burglary is a prevalent crime in London, with an average of 70 reported incidents per day. However, there are several tools and technologies that can help mitigate these risks.
For example, smart security systems that use sensors and cameras can provide real-time alerts and footage of any suspicious activity. Access control systems, such as electronic keycards, can also help limit access to specific areas of a building, reducing the risk of unauthorized entry.
Additionally, apps like CrimeReports provide real-time crime data for specific neighborhoods, enabling investors and brokers to make more informed decisions about property investments.
In comparison to US cities, crime rates in London are generally lower. According to data from the Office for National Statistics, the crime rate in London was 94.8 per 1,000 people in 2020, compared to 379.4 per 1,000 people in New York City. However, as with any city, crime can have a significant impact on commercial real estate investments.
In conclusion, the use of mobile technology in the commercial real estate industry has revolutionized the way investors and brokers access information and manage their portfolios. By leveraging apps that provide detailed analytics and insights, professionals can make more informed investment decisions.
However, it’s important to remember that technology is not a replacement for human expertise and judgment. Additionally, with the right security measures and tools, technology can help mitigate the risks associated with crime and improve the safety and security of commercial properties.