Why Making Stacking Plans in Excel Is a Time-Waster
Stacking plans have long been an essential tool in the commercial real estate (CRE) industry for visualizing and managing the occupancy of buildings. They provide valuable insights into tenant information, vacancy rates, and rentable square footage. Traditionally, CRE professionals have relied on Excel spreadsheets to create and maintain their stacking plans. However, this manual approach can be time-consuming, error-prone, and inefficient. In this blog post, we'll explore the limitations of creating stacking plans in Excel and introduce a superior alternative - Floorwire's dynamic stacking plan software, which will save you time and improve accuracy.
The Problem with Excel Stacking Plans
Time-consuming and labor-intensive: Creating a stacking plan in Excel requires significant manual data entry and manipulation. This can be incredibly cumbersome when dealing with multi-story buildings or large portfolios. As a result, CRE professionals spend valuable time updating and maintaining their spreadsheets instead of focusing on more strategic tasks.
Inaccurate data: Manual data entry is prone to human error, which can lead to inaccuracies in the stacking plan. Incorrect rentable square footage calculations or tenant information can have serious consequences, from missed leasing opportunities to misinformed decision-making.
Limited collaboration: Sharing and collaborating on Excel files can be a challenge, particularly when multiple team members need to access and update the same document. This can result in version control issues and other data inaccuracies.
Lack of real-time insights: Excel-based stacking plans need to provide real-time updates, which means CRE professionals may be working with outdated information. This can make it difficult to react quickly to occupancy or leasing opportunities changes.
A Better Solution: Automated Stacking Plans with Floorwire
The drawbacks of Excel-based stacking plans highlight the need for a more efficient and accurate solution. Enter Floorwire's dynamic stacking plan software, which offers the following benefits:
Time savings: Floorwire's automated stacking plan software eliminates the need for manual data entry and manipulation. The software can quickly generate stacking plans based on the most up-to-date information, freeing CRE professionals to focus on more critical tasks.
Accurate calculations and tenant information: Floorwire's rentable square footage calculations and tenant information are always up-to-date and accurate. This enables better decision-making and helps to avoid missed leasing opportunities.
Improved collaboration: Floorwire's cloud-based stacking plan software allows for seamless collaboration among team members. Multiple users can access and update the same plan in real-time, ensuring everyone is working with the most current information.
Real-time insights: Floorwire's automated stacking plan software provides real-time updates, enabling CRE professionals to react quickly to changes in occupancy or leasing opportunities. This can lead to increased revenue and more efficient management of properties.
While Excel-based stacking plans may have served their purpose in the past, today's CRE professionals need more efficient and accurate solutions. Floorwire's dynamic stacking plan software offers significant time savings, improved collaboration, and real-time insights that can help drive better decision-making and, ultimately, better results for your portfolio. Not only does it offer a superior alternative to traditional methods, but it also prioritizes educating users for a seamless transition to the new system. It's time to leave the manual work behind and embrace the power of automation with Floorwire in your commercial real estate endeavors.
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