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Space Database Launches Lease Management Service and Lease Dashboard for Commercial Real Estate - Space Database Inc., a leading provider of web-based real estate applications, today announced the availability of its new Lease Dashboard™ application for leasing and asset management, delivered entirely via the web
Space Database Launches Lease Management Service and Lease Dashboard for Commercial Real Estate

 

NewswireToday - /newswire/ - Toronto, Ontario, Canada, 2008/12/01 - Space Database Inc., a leading provider of web-based real estate applications, today announced the availability of its new Lease Dashboard™ application for leasing and asset management, delivered entirely via the web.

   
 
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A Canada first, the Lease Dashboard provides senior portfolio managers with a strategic overview of leasing activity and revenue in a simple to use application that compiles a brief lease abstract for each tenant and stores scanned leases in a highly secure environment for quick access. The application produces reports on a portfolio level flagging key dates, step ups, key performance metrics such as average weighted rent and also generates customizable stacking plans. Space Database provides a full turn-key implementation for the system, including a new service for lease abstracting.

Space Database worked extensively with Slate Properties of Toronto to develop the first generation of the application. “We required an application to allow our staff and our partners to generate quick online reports to keep tabs on our portfolio. We are very pleased with the functionality that Lease Dashboard provides,” said Adam Lazier, Senior Vice President.

Lease Dashboard allows portfolio managers to instantly access information on portfolio, regional and building performance:

• Relative financial performance of specific buildings and groups of buildings in the portfolio;
• Assess cash-flow in terms of length of lease commitment and the percentage of actual BOMA area reflected in leases;
• Metrics used to value buildings that are essential in purchase and sale negotiations.

John Zsolt, Space Database co-founder commented, “Lease Dashboard complements our suite of online real estate applications with a new focus on asset management. We are grateful to Slate Properties for their design input and testing of the application in its beta form.”
Space Database provides numerous web services to support mission critical processes for leasing, property and asset management. These include a certified floor plan and building measurement service, web hosting, INDEXIO building drawing management, and Lease Dashboard for lease performance management.

About Space Database

With more than 150 million square feet of office, industrial and retail space managed on its system Space Database (spacedatabase.com) is North America’s leading provider of end-to-end measurement, drawing, area and lease management solutions to the commercial real estate industry. Space Database allows property owners and managers to instantly access their building drawings and related data through innovative web services. As a result, its clients are able to achieve increased cash flows, improved customer service and maximum administrative efficiency.

© 2008 Space Database, Inc.

 
 
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Written by / Agency / Source: Space Database, Inc.

 
 

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Space Database Launches Lease Management Service and Lease Dashboard for Commercial Real Estate

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Publisher Contact: Chad Levinsky - SpaceDatabase.com 
416-516-8920 x226 levinsky[.]spacedatabase.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Space Database, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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