Last Updated: November 2023
Commercial property management software helps commercial property investors, commercial property managers, and commercial tenants handle various aspects of administration such as rent payment, scheduling property maintenance, and owner reporting. Below we explore a few of the top commercial property management softwares:
Top 15+ List of Commercial Property Management Softwares
Commercial properties can have many tenants and financial components to track. Commercial property management software helps track and organize this data to ensure a smoothly managed property. Below we take a look at the top software choices of software for commercial properties.
|AppFolio Property Manager||Overview & Reviews||Visit Website|
|Building Engines||Overview & Reviews||Visit Website|
|Buildium||Overview & Reviews||Visit Website|
|Doorloop||Overview & Reviews||Visit Website|
|Entrata||Overview & Reviews||Visit Website|
|Fyxt||Overview & Reviews||Visit Website|
|Innago||Overview & Reviews||Visit Website|
|ManageCasa||Overview & Reviews||Visit Website|
|MRI Software||Overview & Reviews||Visit Website|
|Property Matrix||Overview & Reviews||Visit Website|
|Re-Leased||Overview & Reviews||Visit Website|
|RealPage||Overview & Reviews||Visit Website|
|Stratafolio||Overview & Reviews||Visit Website|
|VTS||Overview & Reviews||Visit Website|
|Workspace||Overview & Reviews||Visit Website|
|Yardi Breeze||Overview & Reviews||Visit Website|
|Yardi Voyager||Overview & Reviews||Visit Website|
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What is Commercial Property Management Software?
Commercial property management software is a cloud-based or on-premise application that facilitates the efficient management of commercial specific rental properties by using one unified platform to simplify common property management processes.
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Features of a Commercial Property Management Software
The commercial real estate sector thrives on operational efficiency, seamless tenant interactions, and strategic decision-making. Commercial management software acts as the backbone of these operations, providing managers with the tools they need to handle vast portfolios, complex lease structures, and a multitude of tenant requirements. Let’s dive into the key features that position these real estate software tools an indispensable asset for anyone in commercial property management.
Lease Tracking and Administration
Centralizes the management of lease agreements, ensuring timely renewals, escalations, and compliance.
Space Utilization Analytics
Offers insights into the optimal use of available spaces, aiding in better space planning and management.
Billing and Invoicing Automation
Streamlines the generation, dispatch, and tracking of rent bills, service charges, and other property-related invoices.
Tenant Communication Portal
Creates a dedicated platform for interactive communication between property managers and tenants for prompt issue resolution.
Financial Reporting and Analysis
Facilitates the creation of detailed financial reports, giving a clear picture of revenue streams, expenditures, and profitability.
Facility & Maintenance Management
Coordinates and tracks all maintenance tasks, ensuring properties remain in optimal condition.
Provides a real-time overview of property performance metrics, vacancies, and other essential data points.
Security and Access Control Integration
Syncs with existing security systems to manage access and ensure the safety of both tenants and the property.
Market and Leasing Vacancies
Leverages and integrates with commercial real estate listing platforms to market available vacancies online to potential tenants.
What is the Best Commercial Property Management Software?
The best commercial property management software will ultimately depend on factors such as property type, tenant type, ownership involvement, management, and commercial real estate classification. The right software can greatly help foster an easy management experience, whereas the wrong choice could result in an expensive software bill for unused features. Below is our overall top pick: