June 19, 2018
Leasing and asset management platform VTS will roll out VTS MarketView, enabling real-time comparisons of properties’ performance against market benchmarks, in beta form later this year. The New York City-based company said the new product will afford office, industrial and retail owners a level of decision-making already available to multifamily owners through RealPage Yieldstar and to hoteliers via the STR Global Report.
“VTS MarketView will make it easy for VTS customers to make real-time leasing and investment decisions based on the most accurate and up-to-date benchmarks available in commercial real estate,” said CEO Nick Romito. “This goes far beyond market reports; the data and insights will be embedded in their workflow and presented in context to drive better decisions.” Nearly one-third of U.S. office buildings are managed on the VTS platform.
Down the road, VTS MarketView will leverage machine learning and data science techniques to provide predictions and recommendations for maximizing asset value.
For comments, questions or concerns, please contact Paul Bubny