Jones Lang LaSalle has been granted a patent for a system that estimates space and budgeting requirements for real estate applications. The system allows users to access real-time estimates through a graphical user interface, based on selected parameters and property records. It automatically generates leasing and construction cost estimates, as well as proposed floor plan layouts, and displays them for comparison on the interface. GlobalData’s report on Jones Lang LaSalle gives a 360-degree view of the company including its patenting strategy. Buy the report here.
According to GlobalData’s company profile on Jones Lang LaSalle, Virtual banking assistant was a key innovation area identified from patents. Jones Lang LaSalle's grant share as of September 2023 was 63%. Grant share is based on the ratio of number of grants to total number of patents.
System for estimating real estate space and budgeting requirements
A recently granted patent (Publication Number: US11727512B2) describes a system for estimating space and budgeting requirements for real estate applications. The system includes a processor and a memory that can execute programmed instructions. The system allows for remote access to a client device over a network, enabling real-time receipt of real estate space and budgeting estimates through a graphical user interface.
The system can transmit a variety of test fit parameters for display on the client device's screen, allowing users to make selections. These parameters include different overall office layout styles, such as traditional, modern, or progressive styles, each with a different ratio of single-user workspace to common space. Users can also input property records, including information on floors, units, available space for lease, leasing costs, tax expenses, utilities costs, and CAD layouts of available units.
Based on the selected test fit parameters and property records, the system automatically generates leasing cost estimates, construction cost estimates, and proposed floor plan layouts. Users can compare these estimates and layouts through the graphical user interface.
The proposed floor plan layouts can include two-dimensional or three-dimensional computer-assisted drafting (CAD) plans, as well as walk-through animations. The test fit parameters define the needs for the application of the subject property, including office style, headcount, office sizes, manufacturing style, warehousing style, retail locations, professional office, medical office, dimensions of workspaces, requirements for common spaces, and office finish level.
The system also allows for the allocation of remaining headcount based on the selected office style. Additionally, users can make detailed selections within the graphical user interface, and the system will automatically transmit a detailed version of the selection for display.
Overall, this patented system provides a comprehensive solution for estimating space and budgeting requirements in real estate applications. It offers remote access, customizable test fit parameters, automatic cost and layout generation, and detailed comparisons through a user-friendly graphical interface.