{"id":1004494948,"date":"2020-11-23T06:54:04","date_gmt":"2020-11-23T14:54:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004494948"},"modified":"2020-11-24T04:27:52","modified_gmt":"2020-11-24T12:27:52","slug":"yardi-tenantbase-forge-new-proptech-partnership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-tenantbase-forge-new-proptech-partnership\/","title":{"rendered":"Yardi, TenantBase Forge New Proptech Partnership"},"content":{"rendered":"
\"\"<\/a>

Bennett Washabaugh, CEO & co-founder, TenantBase. Image courtesy of TenantBase<\/i><\/p><\/div>\n

CommercialEdge, a product of Yardi Systems Inc., has teamed up with tenant-facing commercial real estate platform TenantBase to provide a new way for landlords to connect with companies that are actively hunting for space. The property technology partnership gives CommercialEdge users access to a real-time data feed of qualified tenants and allows them to submit office, industrial and retail listings.  <\/p>\n

Launched in 2014, Santa Monica, Calif.-based TenantBase has a growing network of tenant reps working with companies across 12 markets, primarily in California and Texas. The free service, which specializes in spaces under 5,000 square feet, says that its brokers can complete deals in less than 60 days on average, compared to the industry norm of 6 to 12 months.<\/p>\n

\n

READ ALSO:<\/strong> Investors, Startups Still Keen on PropTech<\/a><\/p>\n

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\u201cThe biggest issue in this space has been the qualification of tenants,\u201d Bennett Washabaugh, the company\u2019s CEO & co-founder, told Commercial Property Executive<\/em>. \u201cWe spent years really perfecting that.\u201d<\/p>\n

According to Washabaugh, the partnership with CommercialEdge will allow owners and leasing agents to structure flexible deals and execute on transactions faster by giving them more visibility on actual tenant demand in the market.<\/p>\n

Santa Barbara, Calif.-based commercial real estate software giant Yardi (which also owns CPE<\/em>) launched CommercialEdge this past May. The all-in-one platform, which enables users to research active listings and property data such as transaction, ownership and debt information, currently has more than 7 million property records, 150,000 monthly listings and 3 million recent transactions.<\/p>\n

New platform grows<\/h2>\n
\"\"<\/a>

Image courtesy of CommercialEdge<\/i><\/p><\/div>\n

CommercialEdge has recently begun to strike up more partnerships, including an integration agreement with Buildout, a marketing software firm for the commercial real estate industry. The alliance allows Buildout\u2019s clients to easily share listings on the CommercialEdge Listing Network, which attracts more than 15 million monthly visits.  <\/p>\n

Through the new partnership with TenantBase, CommercialEdge users will have access to an Active Tenants page which will allow them to filter requirements by size, location and property type. TenantBase will supply a data feed of active requirements to initially populate the page and brokers will add their requirements.<\/p>\n

\u201cThey don\u2019t share the tenant name, because that\u2019s their exclusive client,\u201d explained Arjun Rao, director of global solutions at Yardi. \u201cThey share a high-level description, like \u2018technology firm with 50 employees.\u2019\u201d<\/p>\n

\u201cTens of thousands of companies have come through TenantBase,\u201d Washabaugh said. \u201cWe\u2019re supplying CommercialEdge with the most qualified tenants in our system. It\u2019s really tenants that are in the pre-tour to negotiating stage.\u201d<\/p>\n

The TenantBase platform currently covers Los Angeles, San Francisco and Orange County, Calif.; Austin, Dallas, Fort Worth, Houston and San Antonio, Texas; Atlanta, Chicago, Las Vegas and Nashville. Washabaugh noted that the company is expanding its partnerships with tenant rep shops in other markets and anticipates growing to 50 markets next year.<\/p>\n

\u201cVelocity and liquidity in the industry benefits everyone,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The software giant’s CommercialEdge product has teamed up with the tenant-facing platform to connect its users with companies actively looking for space.<\/p>\n","protected":false},"author":744,"featured_media":1004495089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,23891,21742],"tags":[50674,50677,38190],"class_list":["post-1004494948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-national","category-latest","tag-commercialedge","tag-tenantbase","tag-yardi-systems"],"acf":[],"yoast_head":"\nYardi, TenantBase Forge New Proptech Partnership - 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\/yardi-tenantbase-forge-new-proptech-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi, TenantBase Forge New Proptech Partnership\" \/>\n<meta property=\"og:description\" content=\"The software giant's CommercialEdge product has teamed up with the tenant-facing platform to connect its users with companies actively looking for space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/yardi-tenantbase-forge-new-proptech-partnership\/\" \/>\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=\"2020-11-23T14:54:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-24T12:27:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Bennett-Washabaugh.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-tenantbase-forge-new-proptech-partnership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-tenantbase-forge-new-proptech-partnership\\\/\"},\"author\":{\"name\":\"Greg Isaacson\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1a92010198045e41b0b801129a41b3d8\"},\"headline\":\"Yardi, TenantBase Forge New Proptech Partnership\",\"datePublished\":\"2020-11-23T14:54:04+00:00\",\"dateModified\":\"2020-11-24T12:27:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-tenantbase-forge-new-proptech-partnership\\\/\"},\"wordCount\":505,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-tenantbase-forge-new-proptech-partnership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/11\\\/Bennett-Washabaugh.jpg\",\"keywords\":[\"CommercialEdge\",\"TenantBase\",\"Yardi Systems\"],\"articleSection\":[\"Brokerage\",\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-tenantbase-forge-new-proptech-partnership\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/yardi-tenantbase-forge-new-proptech-partnership\\\/\",\"name\":\"Yardi, TenantBase Forge New Proptech Partnership - 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