VTS closes 2021 record, doubling in size and becoming the industry’s leading tenant experience and building operations platform
NEW YORK–(BUSINESS WIRE)–VTS, the commercial real estate (CRE) industry’s leading leasing, marketing, asset management and tenant experience technology platform, today announced that after a banner year in 2021, it is now used by 19 of the top 20 global asset managers, and over 300,000 tenant companies are managed across the platform, making it the most widely used CRE software. In 2021 alone, the VTS platform saw a volume of over $31 billion in executed leases, with over 2 billion square feet of assets added. VTS captures the industry’s largest first-party dataset, delivering real-time insights that fuel faster, more informed decision-making and connections throughout the transaction and asset lifecycle. Today more than 87,000 office, commercial, industrial and multi-family buildings are managed on VTS in 44 countries.
“Over the past year, VTS has more than doubled the size of our team as well as the number of capabilities in our platform to help our customer base navigate the new world. We have created a fully integrated solution that allows them to manage the entire asset lifecycle in a modern, automated and data-driven way, from marketing available space to tenant experience,” said Nick Romito, CEO of VTS. “2021 has proven to be a pivotal year for commercial real estate – with landlords and tenants putting return-to-office plans in place as we navigate back to normality, and we are proud to have supported our customers and the industry as a whole with continued innovation through one of the most challenging times in history.
Commitment to providing cutting-edge data and innovative products
Following the 2020 release of VTS Market, CRE’s first integrated marketing automation platform that enables owners and their agency teams to digitize the entire process of bringing space to market online, leading operators such as 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 rentals and marketing. Later that year, VTS announced the availability of VTS Data, the industry’s only forward-looking market data product. VTS Data is the premier source of information on what’s happening in the market today, capturing active, real-time tenant demand and projecting future supply fluctuations. Following the launch of VTS Data, the company introduced the monthly VTS Office Demand Index (VODI) report, which is the first available indicator of upcoming office leases and tenant sentiment, accounting for up to 99% of new demand of office space in seven market centers, including New York, Los Angeles, Washington DC, San Francisco, Boston, Chicago and Seattle. Throughout 2021, VODI has become the leading source of market available office demand data, recognized internationally by several leading publications, including CNBC, Bloomberg, Fast Company, Reuters, Forbes and The Wall Street Journal. . “VODI has been a game-changer for the commercial real estate industry as it is the only real-time source of active tenant demand in the market, providing the public with the most comprehensive overview of the office market in nationwide,” said Ryan Masiello, Chief Strategy Officer at VTS. “The COVID-19 pandemic has left a lasting impact on the country’s office market, and with this data we are able to provide key insights to the industry that enable stronger and more informed decision-making.
Unparalleled investment in tenant experience
In March 2021, one year after the start of the COVID-19 pandemic, VTS announcement it has reached an agreement to acquire Rise Buildings, the property operations technology and tenant experience company used by major landlords including Sterling Bay, Blackstone and CIM Group. With this acquisition, VTS has expanded its industry-leading offerings for landlords, ensuring they have the best technology they need to operate as efficiently as possible and create the best environment for tenants as part of COVID-19 recovery and beyond. In October 2021, VTS also acquired Lane, the work experience platform used by leading owners such as Brookfield, Oxford, as well as Hines. Through these acquisitions, VTS has invested hundreds of millions of dollars in the tenant experience and solidified its position as the number one TenEx solution in the world. With VTS Rise, VTS now provides the industry with a fully integrated platform comprising four major product offerings that help commercial owners, operators, investors, developers and users.
In the fourth quarter alone, VTS Rise experienced incredible speed with 26 new owners adopting the technology. Today, VTS holds the largest global customer base for TenEx, with 3 million addressable users in 1,500 buildings in 13 countries using VTS Rise, making it the global market leader.
Appointment to key management
In October 2021, VTS appointed Margaretta Noonan, a seasoned Software-as-a-Service (SaaS) human resources manager, as the company’s director of human resources. In this newly created role, Margaretta was responsible for leading the rapidly growing and strategic VTS team and shaping a best-in-class employee experience. Prior to VTS, Margaretta led HR at several leading global public companies such as Monster and Hudson, in addition to founding her own human resources and HR consulting practice. Under his leadership, the number of VTS employees doubled in 2021 to nearly 700 at the start of 2022.
Exceptional workplace recognition
In 2021, VTS received significant recognition from business, innovation and real estate, totaling over 16 wins, including:
Fortune Best Workplaces in New York 2021
GlobeSt’s 2022 influencers in CRE Tech
Crain’s New York company is notable in real estate
The Best Built In Workplaces of 2021
GlobeSt’s Best CRE Bosses
ConnectCRE Next Generation Award
Real Estate Power 100 List 2021
Great Place To Work Certification 2021
Forbes Cloud 100 2021
ConnectCRE’s Women in Real Estate 2021
VTS recognized at CREtech’s 2021 Real Estate Tech Awards – RETAS
Trade Observer Innovator Forum Award
Battery / Glassdoor’s Top Rated Cloud Computing Companies to Work For
UK Proptech Association Awards – Scaling at Pace Award
PropertyWeek Awards – Best Covid Response Award
Accelerating returns in 2022
The leading annual innovation conference for commercial real estate executives, Accelerate, hosted by VTS, returns in 2022 after a hiatus in 2020 and 2021 due to the COVID-19 pandemic. The first event, to be held May 3-4 in New York City, will bring together more than 400 innovative executives and influential thought leaders to discuss the technologies, trends and ideas that define modern commercial real estate. Accelerate 2022 will feature two days of content, including presentations from prominent guest speakers and VTS executives, breakout sessions with influential commercial real estate leaders and technology visionaries, educational content for users of VTS and networking events. The conference was specifically designed to educate C-Suite members and senior executives on the modernization of commercial real estate and how large companies are adapting their strategies to stay competitive. Outside of VTS, speakers will include Barry Sternlicht, Chairman and CEO of Starwood Capital Group, Jonathan Neman, co-founder and CEO of sweetgreen, and Jamie Hodari, CEO and co-founder of Industrious. Accelerate 2022 will be held at Convene at Brookfield Place, located in Lower Manhattan. For more information, including event registration, visit accelerate.vts.com
VTS is the leading commercial real estate leasing, marketing, asset management and tenant experience platform where the industry comes together to bring deals to life and bring real-time data to life. The VTS platform captures the industry’s largest source of first-party data, which delivers real-time insights that fuel faster, more informed decision-making and connections throughout the deal lifecycle and actives. VTS Data, the industry’s only forward-looking market dataset, and VTS Market and Marketplace, the industry’s first integrated online marketing solution, provide landlords, brokers and tenants with unparalleled visibility into timely market information. real estate and direct connectivity to execute transactions with greater speed and intelligence at every stage of the planning, marketing, leasing and asset management cycle. VTS Rise is the industry’s most comprehensive tenant experience solution, providing occupants, building operators and visitors with an immersive, technology-based experience. More than 60% of Class A office space in the United States and 12 billion square feet of office, retail and industrial real estate worldwide are managed on the VTS platform. The VTS user base includes over 45,000 CRE professionals, including respected industry leaders like Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL and CBRE. To learn more about VTS and to see our open roles, visit www.vts.com.