CBRE CostLab vs VTS Lease

CBRE CostLab is a web-based application for estimating and comparing facility operating costs across more than 400 locations and 75+ asset types worldwide. It provides equipment-level estimates for maintenance and repair, custodial work, energy, grounds management, and pest control. Its Cost Library includes labor, utility, and inflation rates, maintenance tasks, operating details, recapitalization assumptions, and national indexes. The Building Wizard uses seven questions to create a component-level estimate; Project Builder groups maintenance and repair work into projects and estimates material, labor, and equipment needs. For capital planning, CostLab estimates equipment failure probability and helps prioritize replacements by portfolio risk and budget. Users can customize building models and adjust rates and task assumptions. It also identifies deferred maintenance by equipment and provides deferred-cost reports and Facility Condition Index estimates. Mass Data Export sends annual and average asset costs, yearly task costs, deferred costs, and inventory to Excel. Access is through a browser on a laptop, tablet, or smartphone. Paid plans include a 7-day trial; there is no free plan.

VTS Lease provides real-time insights into deals, leases, tenants, and assets across commercial real estate portfolios. Its lead-to-lease workflow covers deal tracking, approvals, automated cash flow analysis, and proposal generation. Portfolio-wide tenant relationship views can help teams identify deal opportunities, while tenant sentiment and lease roll oversight support renewal and expansion efforts. Analytics cover leasing activity, deal trends, tenant sentiment, and portfolio risk; users can create custom reports and track KPIs. VTS says the product integrates with most major property management accounting systems, including Yardi and MRI, and recommends contacting the company for current integration details. Its mobile app provides deal tracking, client communication, and access to real-time data and insights. The product is available on Android, iOS, and the web, and VTS describes it as suitable for portfolios ranging from 2 to 200+ assets. During onboarding, Customer Success works with customers to tailor workflows, reports, and dashboards. The listed functions include lease abstraction, critical-date alerts, rent schedule tracking, and approval workflows; lease accounting is not included. Pricing is on request.