- August 21, 2017
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The commercial real estate industry hasn’t always been a pioneer when it comes to new technologies. The industry has actually struggled when it comes to adapting with technology updates. However, this industry is data sensitive and needs the new technology the world is offering. Our friends at SVN | Hintze Commercial Real Estate have outlined 4 technology trends which are changing the commercial real estate industry.
It’s no surprise that the commercial real estate industry has not always been at the forefront of adopting new technologies. It’s ironic too since our industry involves a huge amount of information, systems and processes in order to successfully operate. This data intensive, often disconnected environment, is ripe for transformation and presents an endless opportunity to enhance how it does business.
From integrated property management systems that fix a tenant’s AC faster, to new financial applications that provide dynamic lending alternatives, over the past decade we have seen a slew of new innovative solutions being adopted in the industry.
Below we outline the most recent, and transformative, technology trends that ultimately will allow commercial real estate Brokers and clients the opportunities to seamlessly and efficiently operate their business.
4 Technology Trends Shaping Commercial Real Estate
Commercial real estate Brokers wear many hats, and have many responsibilities. In order to function at a high rate of production it is necessary that we learn to automate and innovate through the use of new technology platforms and applications.
Below find four trends that are aiming to reduce the number of steps needed to finalize tasks, integrate data (where appropriate), and create one version of the story allowing those in the industry to make accurate and timely decisions.
Long a platform used in residential real estate, lending marketplaces have become increasingly popular in the commercial realm. Drastically cutting down on the financing process…