Web-Based Service Providers Take Aim At Commercial Real Estate

SAN FRANCISCO-With the red-hot real estate market in San Francisco, and dotcom companies seemingly springing up anywhere there is space, is it any surprise that the two industries are beginning to merge? E-commerce has been the buzzword in the industry for quite some time, and it seems like the oft-predicted synergies between the bricks-and-mortar world of real estate and the ethereal glow of the Internet are beginning to take shape.

Today, the latest contender in the race to bring office space into cyberspace announced the launch of their product. Vectiv Corp., headquartered in San Francisco, rolled out their Strategic Real Estate Solution, an internet-based solution that promises to help the industry “identify, evaluate, acquire and develop new sites…faster, more efficiently and at lower cost.” According to David Sonnen, senior consultant with International Data Corporation, “Vectiv’s technology has the ability to integrate spatial data with broker site and supply data.”