Swivel has released a new SaaS-based leasing application to help commercial real estate leasing teams keep food on the table and the lights on at the office — and maybe at home.
The Austin company released AgileView recently, which Swivel says helps office space landlords and leasing teams “transform traditional leasing processes to digital to ensure leasing velocity during the pandemic.”
Nationwide, office space leasing dropped nearly 21 percent in the first quarter, according to Jones Lang LaSalle IP, Inc.
AgileView, available across the country, is an unbundled version of Swivel’s proprietary flexible workspace network.
“AgileView gives office space landlords and their leasing teams the power to digitally transform the office leasing process for any of their properties and leases to maintain momentum and stay ahead of the curve during and after the economic downturn,” a news release said.
“We unbundled,” founder and CEO Scott Harmon said in an interview. “We adjusted.”
The application has given leasing teams a quick way to work during social distancing.
“We needed a way to promote and lease our spaces online rather than in person,” Dalton Stogner, leasing agent at Lincoln Property Company in Dallas, said in the news release. “Swivel helped us get setup with 3D virtual touring capabilities and is helping our teams to engage existing and prospective tenants with this interactive, online leasing experience.”
Swivel also is working with Cameron Management in Houston. HPI in Austin is using AgileView.
AgileView, the news release said, features:
- 3D virtual touring that gives a real-world experience of spaces in a variety of finish-out and pricing options.
- Proposal automation and credit scoring tools that shorten time-to-lease from months to weeks or days.
- Predefined finish-out options that help control costs and tenant improvement allowances.
Three-month pilots start at $1,250. Swivel has priced tiers based on volume of square footage loaded into the platform.
Harmon said it takes about two weeks for a property to go live. The process starts with a floor plan. The application asks landlords about a dozen questions, and “our software creates this 3D virtual reality version of an office,” Harmon said. “It allows our clients to maintain activity for marketing their building during a lockdown.”
Every day of the lockdown counts for property owners and leasing teams, he said.
“If they can lease their space even a month earlier, it pays for itself,” Harmon said.
Swivel’s AgileView is handling about one million square feet in its first month and signing up two to three buildings a week, he said.
Swivel also plans to roll out a new feature that will allow tenants to coordinate and schedule social distancing.
The feature will help clients know “who is in the space, when it’s being cleaned,” Harmon said.
“Everybody is trying to decide when they do go back to their office, what does social distancing look like,” he said.
