VTS, a commercial real estate asset management platform, has announced plans for its own marketplace to be available to landlords, brokers, and tenants searching for commercial real estate.
The VTS marketplace will become available in 2019 and will allow landlords to run entire leasing processes and use real-time market data to price their available spaces while managing negotiations. Tenants will also have the ability to search for spaces on and off the market.
Landlords and agency brokers using the VTS marketplace feature will also be able to provide additional space details including floor plans, images, and other specifics that may be of interest to tenants. They can also approve, sign, and store leases through the system.
Their core customer base, including Blackstone, CBRE, and JLL, flexible workspace providers will be able to use the marketplace to view tenant demand that can help manage transactions online.
“The VTS marketplace is the culmination of the VTS vision to transform commercial real estate, making every player in the ecosystem– landlords, agency brokers, tenant reps, and tenants – more efficient. VTS is already the system of record for inventory and deal management for landlords globally — there are currently more than 500,000 active deals in VTS, and over 500m square feet of leases were executed in the VTS platform over the last year alone,” said Nick Romito, co-founder CEO of VTS.