Location-Based Risk Management for Commercial Real Estate
Optimize the CRE Decision-Making Process
The commercial real estate (CRE) market is heating up, which is creating more opportunity for your competition to grow by taking on new, but riskier portfolios. You want to keep up but you can’t with outdated, costly, and inefficient processes and outdated data to assess properties.
It is critical to have a more granular location-based CRE credit and risk solution that incorporates up-to-date local market data, which includes internal and third-party data assets. Arcadia Data native visual analytics on Pitney Bowes Spectrum for Big Data enables analysts and portfolio managers to optimize their decision-making process by leveraging a variety of data sources together including geo-demographics, sales data, mapping, aerial imagery, public records, parcel boundaries, and local market trends.
Add Context, Precision, and Relevancy through Location Data
Geo-demographic characteristics like economic vitality, consumer behavior, crime, and walkability have a direct impact on location desirability and vacancy rates. Visual analytics at an individual and aggregate property level will enable CRE analysts to:
- Quickly determine properties at risk and areas of opportunity.
- Reduce the lag and dependency on third-party appraisal services.
- Accelerate origination and review.
Enrich Quantitative Analysis with Location Intelligence
Correlate your bank’s real estate loan portfolio and quantitative analysis with location intelligence to:
- Optimize the appraisals process through accurate and granular parcel boundaries and attributes.
- Speed up origination by visually confirming property and tenant locations with mapping and satellite imagery.
- Understand demand for products and services by incorporating local lifestyles, geo-behaviors, and demographic data.
Accelerate Time-to-Insight through Big Data Location Analytics
Your portfolio managers and analysts can quickly visualize and take action on risks and opportunities across their entire CRE portfolio in the following ways:
- Monitor changes in location scores based on location desirability and other factors.
- Drill down into multiple or single view of properties and visualize changes in crime, demographics, and geo-behaviors that may impact vacancy rates.
- Analyze neighborhood and commercial boundaries to more accurately assess the repurposing of commercial properties.