{"id":1004134495,"date":"2016-01-13T06:24:13","date_gmt":"2016-01-13T14:24:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134495"},"modified":"2020-04-28T01:52:38","modified_gmt":"2020-04-28T09:52:38","slug":"location-matchmaker-for-small-businesses","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/location-matchmaker-for-small-businesses\/","title":{"rendered":"CRE Industry Gets First Matchmaker Service"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Jim<\/a>

Jim Simpson, CEO, Crelow<\/p><\/div>\n

Crelow<\/a>, the country\u2019s first commercial real estate \u201cmatchmaker\u201d service, has launched its \u201cBid Requester\u201d service to help small businesses looking for less than 5,000 square feet of office space find the perfect new business home.<\/p>\n

\u201cI\u2019ve been involved with commercial real estate for many years, both as a tenant leasing space and as an owner\/developer of office properties. It always struck me that the process of finding office space, particularly how tenants and landlords find each other, was very inefficient,\u201d Jim Simpson, Crelow\u2019s CEO, told CPE. \u201cIt took too long, was too expensive, and didn\u2019t make it easy for the tenant to find the perfect \u2018fit\u2019 in an office space that they need for their business to thrive.\u201d<\/p>\n

That past experience eventually led Simpson to assemble the team that developed Crelow.<\/p>\n

\u201cOur primary goal is to help tenants find the great office space they deserve\u2014faster and easier,\u201d he said. \u201cUnlike property listing services, Crelow enables tenants to describe exactly what they are looking for in an office space, where they want to be, and what general price range works best for them. This information is then shared with the entire market, enabling the tenant to sit back and let the bids come to them.\u201d<\/p>\n

For those tenants who still want to work with a tenant rep, Crelow provides a way to be matched with tenant reps who specialize in what they are looking for through its \u201cRep Matcher\u201d service.<\/p>\n

According to Pat Hagen, Crelow\u2019s chief content officer, the company can help commercial real estate professionals in three different ways.<\/p>\n

\u201cTenant reps can use our Bid Requester service to communicate tenant requirements to the entire market. Historically, it\u2019s been very hard for tenant reps to \u2018spread the word\u2019 about the deals they\u2019re working on and Crelow gives them a new way to do this,\u201d he said. \u201cTenant reps can also sign up for our Rep Matcher service and be introduced to tenants seeking representation. On the landlord side of the transaction, we give landlord reps a new way to find tenants seeking space and to \u2018bid\u2019 the space they have available. Here again, landlord reps have never had a source of active tenants like Crelow.\u201d<\/p>\n

To find office space using the Bid Requester, a tenant simply logs in and describes what they are looking for in an office space. The entire process takes about 10 minutes.<\/p>\n

\u201cThey simply draw an area of interest on a map, describe the \u2018vibe\u2019 of their company, the style of building they want, how much space they need and in what general configuration, and list the features and amenities they are looking for in their building and the surrounding area,\u201d Hagen said. \u201cThey also indicate a desired move\u00adin date and a general price range for their lease.\u201d<\/p>\n

This \u201cBid Request\u201d is then posted to its public Deal Board, free of charge, where everyone in the industry can see it. Landlords and landlord reps who have signed up for Crelow are also automatically notified when Bid Requests that overlap their territories of interest hit the Deal Board. Those landlords and reps can then submit non\u00adbinding bids to the tenant. If the tenant likes what they see, an introduction is made.\u201d<\/p>\n

To date, roughly 200 Bid Requests have been submitted to the Crelow Deal Boards in Minneapolis, Denver, Houston, Phoenix and Seattle, and more than 500 bids have been submitted in return. The total lease value of the Bid Requests generated so far exceeds $45 million dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crelow, the country’s first “matchmaker” service for the commercial real estate industry, launched a new service for businesses looking for the perfect office space.<\/p>\n","protected":false},"author":451,"featured_media":1004134496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,23891,21742,21747],"tags":[],"class_list":["post-1004134495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-national","category-latest","category-office"],"acf":[],"yoast_head":"\nCRE Industry Gets First Matchmaker Service - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/location-matchmaker-for-small-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRE Industry Gets First Matchmaker Service\" \/>\n<meta property=\"og:description\" content=\"Crelow, the country's first "matchmaker" service for the commercial real estate industry, launched a new service for businesses looking for the perfect office space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/location-matchmaker-for-small-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-13T14:24:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T09:52:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Jim-Simpson-Crelow.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"711\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/location-matchmaker-for-small-businesses\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/location-matchmaker-for-small-businesses\/\",\"name\":\"CRE Industry Gets First Matchmaker Service - 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