Rabbet is a real estate data management platform that gives owners and capital partners the data foundation they need to maximize project outcomes. Using a platform like Rabbet is an upgrade from managing a commercial real estate portfolio in Excel; software can do things that a spreadsheet just can’t! But what can Rabbet really do, and how does it solve everyday problems?
Through several years of gathering data from customers, competitors, and professionals in the CRE industry, here’s what we’ve identified as the most relevant metrics for real estate professionals.
The State of the Industry
We know commercial real estate is plagued with inefficiencies. For capital partners and owners alike, the key to a successful future lies in operational efficiency. Things like data validation and document management are some of the areas where real estate professionals can immediately improve outcomes and control costs. With so many unknowns still looming in the economic landscape, now is the time to make these changes.
According to the last 7 years of data from Rabbet’s State of Construction Finance Report, here’s what we’ve uncovered about the current state of the industry:
- 75% of commercial real estate project owners believe that technology can help them track budget usage and adjustments better than their Excel spreadsheets
- 58% of capital partners want to invest in technology to improve their risk management and efficiency
- 55% of capital partners say their current processes do not work effectively
- 84% of project owners and 76% of capital partners say they spend too much time double-checking another person’s work
The bottom line: industry standard tools and processes are no longer effective for commercial real estate.
How Rabbet Solves These Issues
Rabbet’s software serves as a data foundation for everyone in commercial real estate. Project owners can package draws, track contingency budgets, and quickly pull comprehensive reports for stakeholders. Capital partners use Rabbet to process draws, verify data, and track covenants. Here’s what Rabbet users have reported about how the platform works in their day-to-day operations:
- Project owners experience an 80% reduction in non-productive tasks like data entry
- Capital partners fund draws an average of 3 days faster than before
- 87% of covenant tracking is automated in loan operations
- 97% of poor communication on project outcomes is eliminated
- Capital partners report a 4x capacity increase without hiring additional staff
- Owners who use Rabbet experience 68% fewer cost overruns than their peers
At every stage of a commercial real estate project, Rabbet provides the help users need to increase productivity. In an economic period where many of us don’t have the budget for extra staff or expensive products, Rabbet helps capital partners and owners scale their operations in one connected system. Based on Rabbet’s 2024 survey, 78% of capital partners and 74% of developers said that Rabbet drastically improved their productivity on a daily basis.
Talk to us if you’re ready to learn more about using Rabbet’s real estate management platform for your CRE operations.
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