Soon-To-Be-Launched VTS Marketplace Digitizes Leasing Process

NEW YORK, NY— VTS, a leasing and asset management platform, just unveiled the VTS marketplace, a full service commercial real estate digital marketplace focused on providing the infrastructure to fully execute a lease online.

The platform will not only enable both landlords and brokers to conduct their marketing and leasing activities online, it will also allow brokers and landlords to fully manage the entire leasing process digitally using current market data to price their available space and lease negotiations.

“The VTS marketplace makes every player in the ecosystem – landlords, agency brokers, tenant reps, and tenants – more informed and more efficient,” says Nick Romito, CEO and co-founder,VTS. “Now it will provide the infrastructure to complete the full deal cycle, thus streamlining a process that has, for decades, been highly inefficient and expensive for everyone involved. By modernizing such an old process, everyone in the transaction wins.”

As technology flourishes in various aspects of the commercial real estate industry, VTS focuses on fully executing a paperless leasing transaction instead of the numerous phone calls, emails, and documents which may float back and forth for weeks and even months.

“Our VTS marketplace is, by far, the most requested product from our customer base,” Romito tells GlobeSt.com. “There is no reason why, as we move into 2019, leasing transactions cannot be done online, from start to finish.”

Even as the leasing process moves to the digital world, the platform will still allow tenant reps to collaborate with their clients as they try to strategically determine the best space for their business. Tenants will even be able to search for space online and communicate with their broker about its specs, build-out potential, demographics, etc. Via the marketplace, both parties can then work together to strategize, negotiate and fully transact the deal online. Users will also be able to algorithmically find upcoming available space allowing for little to no downtime in executing a lease when the time is right.

VTS also plans on releasing its VTS app. The app is a separate platform with information streaming directly from the VTS platform.

“Access to data and knowledge of data is becoming a part of everyday life,” says Romito. “Everyone has a smart phone and is ready to get deals done efficiently, as soon as possible and with the stroke of a finger. The VTS app will help fulfill that need.”

As the CRE industry enters a new year, Romito sees a bright and paperless future where there is “more automation within the industry, leases are shorter, data will be a big part of every decision and market info will come to life more than ever before.”

The VTS marketplace and app will be available in 2019.