{"id":3517,"date":"2012-10-16T05:00:33","date_gmt":"2012-10-16T12:00:33","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=3517"},"modified":"2026-02-22T15:29:46","modified_gmt":"2026-02-22T23:29:46","slug":"shorten-the-leasing-lifecycle","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/shorten-the-leasing-lifecycle\/","title":{"rendered":"Shorten the Leasing Lifecycle"},"content":{"rendered":"

\"Customer<\/a>Commercial clients attending this week\u2019s Yardi Advanced Solutions Conference in Santa Barbara can focus on maximizing business efficiency when selecting from a comprehensive track of classes.<\/p>\n

One of many exciting new lead and lease focused applications from Yardi Systems that will be introduced is Yardi Commercial CRM\u2122<\/a>, which offers commercial real estate professionals the ability to streamline and even shorten the leasing cycle.<\/p>\n

Cutting down the time spent on property lease up is crucial for commercial property owners and leasing professionals in order to enhance revenues and minimize unit turnover time.<\/p>\n

Kim Maddox, Commercial Product Specialist for Yardi Systems, explains how you can save the carrying cost of vacant space by shortening the leasing cycle.<\/p>\n

“For example, let\u2019s say you rent on average 2500 square feet at $37 per square foot.\u00a0 If you shorten the leasing cycle by three weeks for one lease, you will accelerate $5,336.54 of additional rental revenue on that lease.<\/p>\n

What factors will help reduce the cycle time?\u00a0 Examples include saving a leasing agent\u2019s time, easy access to information (available space, existing leases, encumbrances, budget, prior rent and market rent), tenant communication logging, tracking activities and events, facilitating proposal generation, counter-proposals and approvals, facilitating lease drafts and approvals, facilitating floor plan generation and approval, facilitating transmission and approval of construction documents, construction budgets and facilitating tenant build-out.\u00a0 There is much to be gained through the use of an integrated system to accelerate this process,” Maddox said.<\/p>\n

Among the features of Yardi Commercial CRM:<\/p>\n