Since it is easier, faster and less expensive to have a store online, the number of new online stores has been growing rapidly. When online shopping started to grow exponentially, the demand for industrial space jumped immediately. In order for supply to equal demand, retailers started to look for industrial premises for stocking their goods. Industrial property demand is on the rise and it is expected that the vacancies for industrial space will decrease significantly, meaning more challenging times for industrial property managers.
Moreover, the workload will be increasing – more contracts, terms, invoicing, tracking of vacancies and analysing, along with more maintenance work. It is very difficult to deal with hundreds, thousands or even tens of thousands of tenants if the property-management process is not optimized. In order to do that, managers need more realistic forecasts, faster and more efficient planning and accounting, and visual tracking and management of vacant/occupied spaces.