MRI positioned highest for capabilities among evaluated vendors, reflecting the scale, breadth and AI-enabled direction of its lease administration solution, MRI ProLease

CLEVELAND, Oct. 14, 2026 /PRNewswire/ — MRI Software, a global leader in real estate software and services, has been recognized as a Leader in the IDC MarketScape: Worldwide AI-Enabled Lease Administration Applications 2026 Vendor Assessment. MRI is positioned highest on the capabilities axis among the vendors evaluated.

The IDC MarketScape evaluated vendors on their current capabilities and future strategies for AI-enabled lease administration. The assessment considered factors including product functionality, customer satisfaction, portfolio benefits, customer service delivery, innovation, growth and cloud delivery.

MRI’s placement reflects the strength of its lease administration solution, MRI ProLease, which supports organizations ranging from lean in-house teams to large multinational occupiers. The solution serves thousands of clients and manages approximately 1.5 million leases, scaling from portfolios of roughly 20 leases to 60,000 or more. It supports landlord and tenant leases, as well as subleases, within a single application.

The report highlights MRI’s AI-driven evolution from a system of record to a system of intelligence and execution. Through MRI Agora™, the company’s AI-powered platform, clients can apply workflow automation, AI-surfaced insights and agentic AI to their lease administration processes while preserving human oversight for critical actions. MRI ProLease also uses AI-supported lease abstraction with human validation, helping teams reduce manual data entry while maintaining control over the information accepted into the system.

“This placement is incredibly meaningful because it reflects the breadth of what our clients can use today, as well as the direction we’re taking lease administration,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Our clients are managing more complex, faster-changing portfolios than ever, and we’re helping them move beyond simply recording lease information to surfacing insights and taking governed action. By bringing together purpose-built AI, flexible workflows, human oversight and deep real estate expertise, we can help clients manage their portfolios more efficiently and make better-informed decisions.”

Since the pandemic, the lease administration market has been reshaped by shorter, more flexible commercial leases, alongside the added complexity that ASC 842 and IFRS 16 have introduced to lease accounting. Against that backdrop, IDC highlights automated lease abstraction, sublease and lessor-side administration, and forecasting-driven portfolio strategy as the trends now defining the category, with AI increasingly woven into data entry, classification, risk mitigation, and reporting throughout the lease life cycle.

The report advises organizations to consider MRI Software when they want lease administration within a broader proptech ecosystem and value a roadmap focused on AI-surfaced recommendations, workflow automation and progressively autonomous agentic AI.

About MRI Software

MRI Software is a leading provider of real estate solutions and industry data that transform the way communities live, work and play. MRI’s connected, intelligent platform empowers owners, operators, agents and occupiers in commercial and residential property organizations to stay ahead in rapidly changing markets. A trailblazer in the proptech industry for more than 50 years, MRI serves more than six million users across 45,000+ clients in over 170 countries worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit www.mrisoftware.com.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology uses a rigorous scoring methodology based on qualitative and quantitative criteria, resulting in a single graphical illustration of each vendor’s position. The framework enables technology buyers to compare product and service offerings, capabilities, strategies, and current and future market success factors, while providing a 360-degree assessment of the strengths and challenges of current and prospective vendors.

Media Contacts

North America
Saygency
Rachel Antman
+1 212-362-5837
rachel@saygency.com 

Europe
Platform Communications
Nana Rodaki / Reece Hainesborough
+44 (0)203 832 3690
mri@platformcomms.com 

Middle East
Kaizzen Communications
Arjun Tyagi
+971 55 663 0348 
arjun.tyagi@kaizzencomm.com

Africa
Lemon Sorbet PR
Tamryn Geldenhuys
+27 076 235 8230
pr@lemonsorbet.co.za

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SOURCE MRI Software