Now more than ever, smart marketers are taking advantage of the tools that technology affords them. Among the latest marketing trends in commercial real estate are the use of mobile technology through text messaging and social media/social networking. These methods are popular, growing, and cost-effective.
While it likely comes as no surprise, over 95% of cell phones have texting capabilities; this opens the door to hundreds of millions of users. And we’re talking about the relevant demographic, adults over age 25. But are they texting? Statistics say that three out of four adults are indeed texting.
Not only is on-demand mobile technology simple, but it also provides an immediate response - invaluable to both the buyer and the seller in commercial real estate.
Available 24/7 and upon interest in a particular property the potential tenant, at their convenience, can request additional information. Within seconds of texting and entering a property code, a message is sent back containing data about the property, location, available square footage, cost and contact information. This also gives the recipient the ability to share and forward the information at their fingertips. On the other end of this virtual connection, the broker receives valuable data as well. Once the tenant has sent a text, the real estate broker can continue to build their database of leads and they are armed with a measurable and trackable lead. For marketing metrics this provides a quick return on investment.
Now and in the years to come we will see a shift in marketing commercial real estate to social communications online. Building relationships and networking will go beyond traditional networking groups and community organizations. Social media and social networking is not a fad but rather another method of building relationships with clients and future clients. The instant speed of information through Twitter and engaging in group conversations on Facebook and LinkedIn are avenues to get market research and property information out quickly. This instant open line of communication is important to the broker’s accessibility to clients and meeting their needs. The next tweet might be market research a client needs to make the best real estate decision.
Undoubtedly it is the savvy marketer who is up to date on technology and continually looks for the best mix of tools to be effective. Mobile technology, social media and social networking will be invaluable in providing up to the minute information to a potential client.