How is technology revolutionizing commercial real estate?

Category: Real Estate

Many commercial real estate companies still depend on spreadsheets and manual analyses. But forward-thinking companies have started to embrace technology and the data it produces in an effort to get ahead of their less progressive competition. In a recent commercial real estate outlook, Commercial Real Estate Redefined: How the Nexus of Technology Advancements and Consumer Behaviors Will Disrupt the Industry, Deloitte described the use of data-driven technologies as “disruptive forces” that will “redefine” the commercial real estate business. According to Deloitte’s outlook, commercial real estate companies must adopt technology—and at times, collaborate with other companies harvesting big data—or risk falling behind the competition. The commercial real estate sphere is changing and there is now more reason than ever to embrace technology and the benefits it has to offer.