What software do industrial real estate asset managers actually need?
Industrial asset managers need five layers of software: a lease and accounting system such as Yardi or MRI, ARGUS Enterprise or a cash flow model for valuations and business plans, VTS for leasing deals and lease roll, CoStar or local research for market data, and a credit monitoring service such as Creditsafe or Dun & Bradstreet for tenant covenants. Scayled covers the step those leave open: when a unit is vacant or coming back, it finds 250 to 350 businesses the building suits and the person who signs at each, as a Full Campaign for US$749 per vacancy.
- What does an industrial asset manager's software need to do?
- Which system of record should an industrial owner use?
- Which tools handle valuations and business plans?
- Which tools cover leasing and market data?
- Which tools help manage tenant risk?
- Where does Scayled fit, and what does it cost?
What does an industrial asset manager's software need to do?
It has to support four jobs: keep the income collected and the lease events on time, model each asset's value and business plan, manage tenant risk, and re-let space quickly when it comes back. Each job needs different data, which is why asset managers work across several systems rather than one.
Before buying anything, map which of those jobs is currently done in a spreadsheet or not done at all. The gaps are usually in tenant risk and in finding replacement occupiers.
Which system of record should an industrial owner use?
Yardi Voyager and MRI are the enterprise standards for leases, rent, recoveries, arrears, critical dates and investor reporting. Smaller owners often use Yardi Breeze or a cloud commercial platform such as Re-Leased, which covers lease events and arrears with less set-up.
These systems are good at what is contracted. They do not tell you whether a tenant intends to stay or who could take the unit if it goes.
Which tools handle valuations and business plans?
ARGUS Enterprise, from Altus Group, is the standard for institutional cash flow modelling and valuation: each lease rolls into market leasing assumptions for renewal probability, downtime, incentive and letting cost. Many asset managers also keep an Excel business plan per asset for capital works, rent reviews and exit assumptions.
The downtime and renewal inputs carry much of the value, and they are estimates. Anything that shortens real downtime against the modelled figure shows up in income and at the next valuation.
Which tools cover leasing and market data?
VTS is widely used by landlord leasing and asset management teams to track deals, tours and lease roll. CoStar supplies availability, lease comparables, tenant records and submarket analytics, and the research teams at the large agencies publish regular market reports. MSCI is the usual benchmark for portfolio performance.
They describe the market and the deals already in motion. They do not produce, on demand, a list of the specific businesses whose operation suits one vacant warehouse.
Which tools help manage tenant risk?
Creditsafe, Dun & Bradstreet and Experian monitor tenant credit and send alerts on score changes, filings, court judgments and director changes. CreditRiskMonitor covers listed tenants. News alerts on each material tenant's name catch operational changes that a credit file misses.
Combine them with the arrears report from the lease system and regular conversations with each tenant, and record the evidence against the tenancy.
Where does Scayled fit, and what does it cost?
Scayled is the layer for a unit that is vacant or expected back. One brief produces 250 to 350 businesses the building suits, the owner, director or property lead at each with a checked contact, and a personal email per business, in the owner's Scayled account in about five working days. Replies come straight back to the owner, and it runs alongside the appointed agent.
Yardi, MRI, VTS, ARGUS and CoStar are priced on quote. Scayled publishes its price: The Campaign is US$749 per vacancy for the Full version or from US$449 for a Focused one, paid once with no commission. For US$299 more, Scayled sends the approaches from a mailbox on the owner's company email, and a sample campaign shows the output.
Lease The Vacancy In-House, Before You Appoint An Agent.
The Campaign finds the 250 to 350 businesses the building suits, names the person who decides at each and writes every email, ready in about five days. One payment of US$749 per property, no commission and no subscription. A focused 100 to 150 from US$449.