Vancouver, B.C., and Tustin, Calif. — SpaceList and Common Areas, two outcome-driven commercial real estate software companies, have formed a strategic international alliance to help building owners, brokers, property/facility managers, tenants and service providers bridge the gap between leasing a space and maintaining it.
SpaceList, based in Vancouver, is Canada’s leading national, online listing marketplace for commercial real estate. Common Areas, a California-based software company, provides an online platform to better organize, schedule and track teams and tasks online at each location with one software.
Under terms of the alliance, an exclusive membership offer of Common Areas’ Company Edition will be made available to SpaceList’s users. Company Edition generates more effective maintenance management for teams by leveraging collaboration between building owners, brokers, property/facility managers, tenants and service providers resulting in significant time savings and increased productivity for all involved.
“Increasingly, commercial real estate property owners and those who provide services to them are becoming very interested in the value of using technology to enhance and streamline end-to-end real estate processes, collaboration and reporting,” says Steven Jaffe, vice president of partnerships for SpaceList. “Common Areas and SpaceList offer complementary solutions that are two links in the same value chain.”
SpaceList’s CRE search engine matches tenant needs with a full range of commercial spaces, from shared office and coworking spaces to retail and industrial property. In addition to being the conduit between broker, tenant and property owner, SpaceList provides a step-by-step platform for educating tenants on the lease process.
Common Areas takes the maintenance process from chaos to clarity by offering tenants, managers of properties and facilities, and the service businesses that maintain them (landscaping, plumbing, security, janitorial, etc.) an easy-to-use software that allows all parties to work together in one virtual space.
One of the commonalities of the two companies is that each recognized a void in the marketplace that could be bridged through the use of technology. Casey Rue, the founder and CEO of Common Areas, has more than 20 years of experience working in commercial real estate development, and more specifically was responsible for the operations and management of a portfolio of retail properties throughout the U.S.
“SpaceList and Common Areas both saw firsthand the challenges small businesses face when major corporations are the primary target audiences,” Rue says. “The vast majority of software applications and other important tools weren’t being designed or priced for smaller businesses.”
According to Rue, companies like SpaceList and Common Areas are out to offer solutions to an underserved market.
According to Jaffe, SpaceList was attracted to Common Areas because the company’s software uniquely solves a problem that many of its audiences have: building maintenance.
Founded in 2012, SpaceList's mission is to make commercial real estate more accessible and efficient. Based in Vancouver, B.C., SpaceList brings all of Canada's commercial real estate listings together in one place. For more information, visit www.spacelist.ca.
Common Areas creates easy-to-use maintenance management software that empowers all sized businesses to work together to create unequaled operational efficiency. Its affordable cloud-based CMMS connects anyone across hundreds of industries on any project, with any team, at any location — revolutionizing how managers of properties and facilities, and the teams that repair and maintain them, organize, schedule and track maintenance and repair work. For more information, visit www.commonareas.com.
SOURCE: Common Areas