Macerich Introduces ‘QuikSpace’, a Fully Digitized Platform for Short-Term Commercial Leases

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The new platform and its sophisticated tenant portal will offer one-click lease execution for short-term commercial spaces of up to 12 months, as well as intuitive tools to manage accounts, make payments, renew contracts. leases and more.

Currently present at six Macerich properties, QuikSpace today offers short-term tenants the ease and convenience of starting their research online, with virtual tours of the online space and common spaces available, as well as visual tools. to market their space. Macerich plans to roll out the entire QuikSpace portfolio early next year.

“By digitizing the process, Macerich simplifies all aspects of short-term leasing with the goal of providing tenants with a friction-free experience,” said Ken volk, Executive Vice President, Business Development, Macerich. “QuikSpace offers a quick and easy online process that matches the way people engage with all kinds of real estate today. Switching to e-commerce for short-term space rentals is an important step towards a increased access and convenience for customers, as well as additional performance for our business. ”

To realize this new capability, Macerich has partnered with real estate software developer Yardi, using its CommercialEdge real estate data and listings platform to power QuikSpace. Macerich successfully implemented Yardi’s core ERP system in 2019, including Voyager, Retail Manager, Forecast Manager, and Construction Manager.

“Yardi is excited to continue to partner with Macerich to help design a single system that integrates the entire rental workflow, from the front-end website to the back-end accounting system. tenants with an easier rental process and practical management tools, ”said Kevin Yardi, Vice President of Global Solutions at Yardi. “More than just lead generation, Macerich is a game-changer for short-term rentals in its high-quality portfolio, and we expect other mall companies to follow suit.

QuikSpace currently offers short-term rentals of kiosks, carts, pop-ups, temporary online stores, and specialty retail, such as storage, at six Macerich centers: Chandler Fashion Center (AZ), Inland Center (CA), Scottsdale Fashion Square (AZ), Superstition Springs Center (AZ), The Oaks (CA) and Tysons Corner Center (VA. Deployment of the rest of the Macerich portfolio is expected to begin in Q1 2022. To explore the site, visit www .QuikSpace.com.

About Macerich

Macerich is a fully integrated, self-directed and self-directed real estate investment trust focused on the acquisition, rental, management, development and redevelopment of regional downtown areas across the United States.

Macerich currently owns 49 million square feet of real estate comprised primarily of interests in 45 regional city centers. Macerich specializes in successful retail properties in many of the country’s most attractive and densely populated markets with a significant presence on the West Coast, Arizona and the Metro New York-Washington, DC corridor. A recognized leader in sustainability, Macerich has been ranked # 1 on the GRESB rankings in the North American retail industry for six consecutive years (2015 – 2020). Additional information about Macerich can be obtained from the Company’s website at www.Macerich.com.

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