November 6, 2023

Buildout, Inc. Launches Annual 'Building CRE' 2023 Report

Chicago, IL— PRLog -- Today, Buildout, the top-rated commercial real estate (CRE) software suite, proudly unveils the first edition of its innovative, annual report, Building CRE 2023. This groundbreaking report offers data-driven insights into the most effective practices for CRE brokers, derived from an extensive analysis of Buildout usage data and qualitative study.

“Like many of the brokers and investors who use our software and tools, we've been kept up at night thinking about evolving and building best practices for the commercial real estate game,” said Chief Growth Officer Helen Calvin. “And while there’s always another opinion or speculation dominating the conversation, we like cold, hard facts. There are always tangible patterns and practices that consistently deliver success; you just have to have the data to find them. That's exactly what we're presenting in this report—insights based on real-world data that provide a clear roadmap for CRE broker and brokerage success."

The Building CRE report offers more than just compelling statistics; it spotlights the most effective strategies and tactics, backed by real-world statistical evidence derived from over a millions of dollars of commercial real estate deals managed using the Buildout suite of CRE broker enablement tools. This report is also a highlight on the industry as a whole and the state of the Buildout business.

Some key insights from the report include:

  • Time Allocation: Brokers who dedicate at least 30% of their workweek to prospecting see a significant increase in closed deals.
  • Prospecting: A blended approach to prospecting, combining digital marketing efforts with traditional methods such as cold-calling, can boost quality leads by up to 50%.
  • The Pitch: According to Buildout data, pitching on Tuesday mornings is most likely to result in a listing.
  • Marketing: Well-crafted, targeted marketing materials can heighten engagement by up to 35%.
  • The Close: Brokers who effectively utilize customer relationship management (CRM) systems are 25% more likely to close a deal smoothly.

“In today’s challenging market, nothing you do can be taken as ‘a given;’ scrutinizing your approach is crucial. We’re in an era where guessing games have no place. Why gamble when you can make data-backed decisions that give you an edge?" added Calvin.

Whether you’re new to the CRE industry or a seasoned professional seeking to refine your approach, the Building CRE report is your comprehensive guide to mastering the art and science of this dynamic and challenging industry as you look ahead to 2024.

Get your copy of the report here:

About Buildout

Buildout, Inc. is a leading provider of end-to-end solutions for the commercial real estate industry. Since 2010, Buildout has been at the forefront of the CRE tech revolution, empowering brokers and developers with cutting-edge tools and software to stay competitive in the digital age. With a focus on optimizing every stage of the deal process, Buildout is helping shape the future of the CRE industry.