Real estate has been apple of eye for investors and stakeholders since old times as this sector has been a tremendous source of revenue generation with minimal risks associated. But with the passage of time, the things have gone changed and this traditional sector fell behind so, the term of commercial real estate has been introduced which is at its peak according to the latest facts and figures. But this commercial real estate is being hit by a number of problems which are needed to be addressed immediately else millions of individuals will get out of their employment sector. Let us have a look of some core points which are defining the differences between the traditional real estate sector and the latest commercial real estate sector.
CRE sector has higher potential of revenue generation compared to residential real estate whereas the traditional real estate sector lacks sustainability and risks associated are higher because of no guaranteed cashflow.
The agreements for leasing properties are normally made for 3 to 10 years (long-term in CRE sector but in traditional real estate sectors, contracts made are usually short-term ranging a duration from 6 to 12 months.
The worth of properties in CRE sector are continuously increasing ensuring the maximum revenue and profit with the passage of time but in traditional way of dealings, the profit thoroughly depends upon the market situation and we all know the market price fluctuations and liquidity challenges.
In CRE sector, to confront the maintenance costs, agreements are there but in traditional way of property leasing, maintenance is even higher than even the overall profit.
AgentMile is in the phase of designing a novel and fresh interface where property owners, directly or indirectly (via brokers), can interact with lessees via our mobile application. We have tried our best to combine all essential tools and features under our AgentMile platform and the backbone of our vision to be implemented in real is blockchain technology through which we are going to disrupt all previously existing framework and networks. The AgenGrow is our advanced and leading dashboard will enable the brokers and occupiers to get the best pricing list along with properties details and information. Get more on our official whitepaper which is available at https://www.agentmile.com/AgentMile_White_Paper.pdf.
Digital identities of property owners and borrowers will be kept stored on our central registry and all information and data sharing will be completed in safe and secure way, thanks to the revolutionary features and attributes of blockchain technology. in addition, integration of Artificial Intelligence (AI) technique further allow the involved parties to make better decisions depending upon the previous histories and performances of individuals which can be analyzed via rating systems. Our system currently contains details of more than 1 lac properties and we are serving in over 20 countries worldwide. Number of professionals and experts from real estate sector is more than 1000 and we are the ICObox winner for the year 2018 (https://www.agentmile.com/).
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