Real Estate Steps into the 21st Century with Cloud Based Apps

Seattle, known as a progressive leader in information and technology, houses established companies and growing start-ups alike. As Amazon expands, Facebook moves in, and numerous start-ups take up stake in Seattle’s burgeoning technology hub, it is evident the commercial real estate industry, a sector some would say is lagging on the technological front,  is a major player in assisting these innovative companies set up shop.

According to the Puget Sound Business Journal, in 2014, high-tech tenants accounted for 45 percent of leasing activity in Seattle. That’s a good chuck of business coming from a client base who appreciates system innovation – it would be wise if the real estate sector jumped aboard the techie train and geared their marketing strategy towards their forward thinking client base.

That is exactly what co-founder of Hightower, Brandon Weber and Floored CEO, Dave Eisenberg are monopolizing on. Seattle based, Hightower, takes commercial leasing to that magical place everyone seems to love – the cloud. Allowing for full business execution in the palm of your hand, Hightower allows commercial owners and brokers to manage their entire portfolio, leasing documents, and collaborate with their leasing team all in real time. Joining forces with New York City based company, Floored, a fully interactive 3D visual tool for the real estate industry, Weber and Eisenberg have created a full-bodied leasing platform like no other.

“Tenants struggle to visualize how space might look, landlords spend billions of dollars on speculative space construction,” Brandon Weber, explained to Commercial Observer. “Floored greatly reduces this need by delivering a virtual tour experience showing the tenant exactly how their space will look once built out. We believe this can save Landlords billions in spec build out costs.”

Between Hightower’s mobile app technology and Floored’s 3D visual sophistication, brokers and building owners have the ability to virtually walk clients through available properties that provide such robust example of what the space could look like, that the platform is unmatched with anything else out there. What a refreshing game changer – but it is changing the game?

According to the Puget Sound Business Journal, Weber says Hightower is tracking more than 10,000 vacant office spaces, and that figure is growing 20 percent a month. Hoping to streamline his business for bi-coastal clients, Weber is excited at the prospect of assisting a Los Angeles tenant find property in New York via the Hightower application.

Thanks to new kids on the block, infusing life into the real estate industry, like Hightower and Floored, maybe some of the biggest names in the business will step into the 21st century.

Drones Approved For Real Estate Industry Use

DroneEvery realtor wants that spectacular overhead shot of their listing, and recently, the use of drones (or “unmanned aircraft systems”) for real estate photography purposes has become a hot-button issue in the industry. Despite privacy concerns from neighbors and aviation-safety concerns from the Federal Aviation Administration, the FAA recently approved the use of drones by realtors – with a catch. Make that several catches.

First, you’ll need to get a private pilot’s license, unless you can manage to get an exemption from the FAA. Second, even if you get permission to use it there are several restrictions on when and where you can fly your drone. It must stay under 300 feet and within a 100-foot radius of the controller at all times; the drone must always be in direct sight of the operator; the operator must alert all airports within five miles and give an estimated flight time, elevation, etc.; and the drone cannot be operated over congested areas such as freeways. Your drone must meet the safety standards set by the FAA, so get ready to give them every last detail, including your equipment’s weight, number of propellers, and the details on what type of camera you’re using.

Even with the increasing use of technology, such as virtual tours and videos, in real estate marketing, drones’ capabilities allow agents to create dramatic presentations with views not otherwise available to prospective buyers. Now that they are approved for commercial purposes, there is likely to be a rush on licenses, but if you’re queuing up for one get ready for stacks of paperwork.