Leasing and asset management platform VTS has launched the commercial real estate industry’s first remote listing service.
VTS Market enables landlords and their agency teams to review, approve and publish spaces online to the VTS Marketplace where tenant rep can view, tour, and share virtual listing content for free. Additionally, landlords can publish spaces to their own websites and email listings to their network of tenant reps, directly from VTS.
VTS, whose platform manages more than 60 percent of national Class A office space and 65 percent of the Manhattan office market, also announced that landlords including Tishman Speyer, Brookfield Properties, Empire State Realty Trust, Hines, Oxford Properties Group, and RXR have chosen VTS Market as their system of record for digital leasing and marketing.
With the majority of the market’s largest owners already onboard at launch, VTS Market is the most rapidly adopted product in Proptech history.
“The move to a modern, online marketing and leasing platform has been a long time coming, and COVID-19 has underscored and accelerated the industry’s need for one,” said Ben Brown, managing partner, Brookfield Property Group. “VTS Market provides that platform, enabling the real estate community to find and qualify spaces remotely.”
Peter Riguardi, chairman and president, New York Tri-State Region, JLL, added, “The brokerage community has been craving a new channel to consume information and digital content on the market and spaces for a long time. Our clients expect a modern experience that helps keep our process moving in this new digital world. VTS Market is that platform.”
VTS Market provides landlords with marketing content, including virtual tours, photos, 3D space renderings, refurbished floor plans, and 250+ verified data points for each space – all produced by the VTS team – ensuring tenant reps and tenants are viewing a single source of truth.
“The market landscape has changed profoundly over the past few months. To stay competitive in this new remote world, landlords and brokers need a digital platform featuring best-in-class digital content that is integrated into existing workflows with powerful analytics and that excites tenant rep brokers, and they need it now” said Nick Romito, CEO and Co-Founder, VTS.
“VTS Market is the integrated, modern marketing platform that answers this need and we are motivated by the overwhelmingly positive response from the industry so far.”