Consumer expectations and the way we interact with physical spaces have evolved, pushing organizations to update their commercial real estate (CRE) footprints. Redesigning these spaces has highlighted a significant challenge for those managing large real estate portfolios: the struggle with data chaos due to an inability to access critical insights, integrate record platforms, and streamline management processes. To address this, leading organizations are investing in technology to consolidate critical data. A comprehensive approach, understanding the factors driving CRE space changes, the historical challenges with data and technology for portfolio managers, and steps towards collaborative solutions are essential for effective CRE project management.

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