Top Commercial Real Estate Tools
Terrydale Capital
Jul 11, 2023 7 Min read
In the ever-evolving landscape of commercial real estate (CRE), embracing innovative software tools is no longer optional—it's a necessity. Whether it's optimizing property analysis, streamlining transactions, or unlocking data-driven insights, these digital solutions are transforming the way CRE professionals navigate the market. In our latest blog post, we delve into the top software tools in the CRE industry, vital for any professional seeking to leverage technology for success.
Terrydale Live
Terrydale Live is a comprehensive commercial real estate financing platform and marketplace allowing for users to seamlessly engage with the CRE industry online. Users can utilize the lender lookup feature to browse potential lenders for a specific deal, view active market opportunities as well as actively quoted properties, and can even facilitate the entire commercial real estate transaction through closing through the platform.
Key Features:
- Lookup compatible lenders matched to your deal specifics
- View active property opportunities and quotes
- Facilitate your entire CRE transaction
- Real time commercial financing market rates
CoStar
CoStar is one of the most well-known commercial real estate tool platforms on the market. It offers a variety of data and analytics such as property metrics, property ownership lineage, property transaction history, and other valuable market data. While the platform does boast a hefty price tag, the wealth of information more than exceeds expectations.
Key Features:
- In-depth property data
- Property lifecycle and ownership lineage
- Transaction history
- Detailed market analytics
Crexi
Crexi is another well-known and highly regarded commercial real estate tool aimed at professionals seeking investment properties. Crexi boasts an expansive commercial real estate marketplace where users are able to view a variety of property data across the nation from properties for sale, for lease, auctions from across the nation, comp data and more.
Key Features:
- In-depth property data
- Robust property marketplace
- View properties for sale, lease and up for auction
Loopnet
Loopnet is a commercial real estate tool much like Crexi. Users have the capability of searching and viewing active properties on the market that are for lease, sale or up for auction. In addition, users can also view active businesses that are for sale. USers are able to view in-depth property data including offering memorandums, agreements and third party reports.
Key Features:
- In-depth property data
- Robust property marketplace
- View properties and businesses for sale, lease and up for auction
CompStak
Compstak is an online commercial real estate tool allowing for users to view in-depth data and analytics for commercial lease comps, sales comps and other property details. This allows users to see the history of not only properties but their surrounding areas - allowing for more informed investment.
Key Features:
- Robust property data
- Lease and sales comp data
- Data analytics
Parceled
Parceled is a relatively new player in the commercial real estate tools landscape in the form of a mobile app. With this app, users have access to a variety of in-depth parcel data across the nation and the relative property information. Users can explore tax assessor data, mortgage history, parcel boundaries and even owner contact information.
Key Features:
- Explore parcel data including owner contact info and mortgage history
- Tax assessor data
- Only Accessible via Mobile App (iOS or Android)
Reonomy
Reonomy is a tool backed by AI technology where users can leverage this component to access a wide variety of commercial real estate data. The data users have access to is in-depth property data including mortgage history, ownership portfolios and upcoming loan maturities.The platform also provides detailed market reports and analyses as well as educational materials.
Key Features:
- AI technology integration
- Robust property data
- Market analytics and reports
Trepp
Trepp is an online tool offering data analytics and other services to professionals in CRE, banking and structured finance markets. The platform offers a variety of different tools depending on users’ role, property type and business line making for a very tailored experience. Trepp offers leading research and insights in the commercial real estate industry keeping its users abreast of continuous market changes.
Key Features:
- Tailored solutions for Brokers, investors, lenders and other CRE professionals
- Detailed and vast research and insights
- Robust market data
As the commercial real estate landscape continues to transform, it's essential to stay informed and adaptable. The right software tools can significantly boost your efficiency, decision-making capabilities, and ultimately, your success. But remember, staying at the forefront of the CRE industry isn't just about the right tools—it's also about being well-informed. Don't forget to check out our blog on the top commercial real estate news sources to keep up with the latest trends, insights, and opportunities in the CRE space.
Partner With Terrydale Capital for Your Debt Financing Needs
When it comes to debt financing, understanding the right timing, process, and options is crucial. At Terrydale Capital, we provide a comprehensive range of commercial loan solutions tailored to meet your business's unique needs.
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Headquartered in Dallas, Texas, Terrydale Capital is a leader in commercial real estate financing. We have close relationships with the nation’s top banks, lenders & family offices allowing us to provide the most competitive financing solutions in the market.
