Charlotte, North Carolina (PRWEB) August 20, 2012
Working closely with brokers from several national brokerage houses, CRE Console and its founder, Jon Harper, have launched a new, web-based commercial lease analysis application dubbed LeaseMatrix.
The industry is dominated by software-based, desktop solutions. Many of the most popular solutions are no more than a series of Excel-based templates.
Even with the proliferation of mobile devices and road warriors in the industry, commercial tenants and tenant advisors must use a desktop or laptop computer in order to analyze commercial leases.
LeaseMatrix is the industrys first 100% cloud-based lease analysis tool. This means users can run a lease analysis from anywhere, whether they are in the middle of a client presentation or working from a home office. LeaseMatrix is also the first lease analysis tool that is fully functional on tablet devices, such as the iPad.
Many existing lease analysis tools require in-depth knowledge of both financial concepts and commercial real estate terminology. LeaseMatrix was designed to be both highly accessible and easy to use. LeaseMatrix has four intuitive input screens which allow users to analyze and compare lease proposals in minutes, instead of hours.
Industry jargon, such as Base Year Stop, can confuse novice users. LeaseMatrixs commercial lease terminology lookup feature helps reduce the learning curve for those who may be new to the industry. This feature also allows veteran brokers to assign lease analysis responsibilities to their assistants or even an intern with little to no lease analysis training.
Currently, LeaseMatrix generates two types of client reports: a property level report and a deal comparison report. Both reports include an interactive map which identifies each propertys location.
The Property Level Report includes general property information along with key lease metrics like the lease proposals Net Present Value, Average Base Rental Rate, Average Rent per Month and Cumulative Occupancy Cost.
The Deal Comparison Report includes property level information along with lease metrics which can be compared to identify the most affordable space. These metrics include Cumulative Base Rent, Cumulative Occupancy Cost, Average Monthly Cost, Average Annual Cost, Net Present Value, NPV per rentable square foot and NPV per usable square foot.
Originally posted here:
LeaseMatrix Revolutionizes How Commercial Real Estate Leases Are Analyzed
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