Toronto, ON - May 21, 2018
The commercial real estate industry has never been in a greater need of adapting to the digital era as right now. Thanks to the sharing economy we consume goods and enjoy services having the best technology at our fingertips: affordable rides via Uber, fast food delivery via Foodora, best apartments all over the world via AirBnB, and so forth.
However, it still takes weeks to get a space for a newly-emerged business because of redundant processes the commercial real estate has to offer to its game players: landlords, brokers, tenants. It seems a fair statement to make that technology has been neglected in the commercial real estate (CRE) for way too long.
Why can't it follow the digital steps the financial industry once took and never looked back ever since? These days you will hardly see people shouting orders on the floor and pushing bonds and stocks, but more likely millions of transactions will be made within a split second with the help of sophisticated software and designated computer networks.
Even though CRE has not evolved since 1950s, surprisingly, it was able to reach and maintain a status of one of the most powerful and wealthy industries, worth almost $4 trillion in Canada only, without the use of any technological know-how. However, today, a Toronto-based proptech startup, coSquare, is pleased to introduce a Lease Constructor - a first digital solution for commercial leasing, which enables brokers and property managers to create, edit and export complicated Lease-related documents in a matter of minutes. This digital solution is now available at http://cosquare.ca/lease_constructor
coSquare simplifies all stages of commercial leasing through a portfolio of digital solutions for better tenant screening, deal research and analytics, streamlined marketing and onboarding, and robust end-to-end negotiation platform transforming currently manual processes into a fully digital experience.
Co-founders, Vadim Lidich and Sajjad Ali Khoja, are projecting positive response and instant interest to the product among commercial real estate brokers and property managers based on extensive feedback from the mentioned above parties identifying writing a Lease as the most time-consuming, mentally challenging and tech-lacking activity within the process of commercial leasing. "We want the commercial real estate professionals to be more productive, not by doing more work, but by letting digital solutions automate plethora of manual tasks.", Vadim said.
For more information, visit: http://cosquare.ca/