Lease Dashboard

Here's a copy of the Lease Dashboard press release from December 1st.

Space Database launches Canada’s first web-based commercial lease management service, Lease DashboardTM,for the real estate leasing and asset management industry.

December 1 2008 – Toronto , Ontario – Space Database Inc., a leading provider of web-based real estate applications, today announced the availability of its new Lease DashboardTM, application for leasing and asset management, delivered entirely via the web.

A Canadian first, Lease Dashboard provides senior portfolio managers with a strategic overview of leasing activity and revenue in a simple to use application that compiles a brief lease abstract for each tenant and stores scanned leases in a highly secure environment for quick access. The application produces reports on a portfolio level flagging key dates, step ups, key performance metrics such as average weighted rent and also generates customizable stacking plans. Space Database provides a full turn-key implementation for the system, including a new service for lease abstracting.

Space Database worked extensively with Slate Properties of Toronto to develop the first generation of the application. “We required an application to allow our staff and our partners to generate quick online reports to keep tabs on our portfolio. We are very pleased with the functionality that Lease Dashboard provides,” said Adam Lazier, Senior Vice President.

Lease Dashboard allows portfolio managers to instantly access information on portfolio, regional and building performance.

• Relative financial performance of specific buildings and groups of buildings in the portfolio
  
• Assess cash-flow in terms of length of lease commitment and the percentage of actual BOMA area reflected in leases
  
• Risk in terms of type of tenants
  
• Metrics used to value buildings that are essential in purchase and sales negotiations.

John Zsolt, Space Database co-founder commented, “Lease Dashboard complements our suite of online real estate applications with a new focus on asset management. We are grateful to Slate Properties for their design input and testing of the application in its beta form.” Space Database provides numerous web services to support mission critical processes for leasing, property and asset management. These include a certified floor plan and building measurement service, web hosting, INDEXIO building drawing management, and Lease Dashboard for lease performance management.

About Space Database

With more than 150 million square feet of office, industrial and retail space managed on its system Space Database is North America ’s leading provider of end-to-end measurement, drawing, area and lease management solutions to the commercial real estate industry. Space Database allows property owners and managers to instantly access their building drawings and related data through innovative web services. As a result, its clients are able to achieve increased cash flows, improved customer service and maximum administrative efficiency. For more information please visit spacedatabase.com.
© 2008 Space Database Inc.

For more information contact: Greg Mounsey; 416-516-8920 ext. 236; gmounsey[at]spacedatabase.com