In Q4 2023, View Smart Building Cloud released a new product capability that uses AI to help identify and quantify tenant loss risk based on multiple data types.
In the ever-evolving landscape of commercial real estate, the ability to predict and mitigate the risk of tenants vacating a property is invaluable. If a tenant vacates unexpectedly, that represents on average a lost year of leasing revenue counting the time to fill the vacancy and the incentives and allowances for the new tenant.
Getting ahead of this kind of loss can include offering incentives to at-risk tenants and getting a jump on filling expected vacancies.
For large commercial real estate owners, leveraging data is not just a strategic advantage; it’s a necessity to stay ahead in a competitive market.
This article explains the data sources that come together with AI capabilities to make this kind of foresight possible. Fill out this brief form to download the article.