CRE Has Always Run On Data. Now It Has To Trust It
Evaluating a commercial property means chasing records across a lot of different places. A broker email leads to an offering memorandum. That leads to ownership records, environmental history, prior transactions, financial statements and internal notes. By the time a team has a complete picture of a single asset, they’ve touched half a dozen systems and spent time no one had to spare.
CRE workflows have run this way for decades, said Manus Clancy, head of data strategy at LightBox. This fragmentation is not a technical failure. It’s the accumulated weight of an industry that built its systems one silo at a time….