3 Biggest Tech Trends Transforming Real Estate

1. RADICAL MOBILITY

CBRE SVP of global innovation and business intelligence Elie Finegold tells Bisnow people already have begun to do the types of work in the places where they can be most productive at both their jobs and lives. You may not collaborate as well over video conference as you do in person, but it is a significant improvement over fax machines. Elie says if you conduct a survey and ask people if they've worked in a living room, a bedroom, a plane, an office, an elevator, somebody else’s house—even a bathroom—people across the board will answer "yes." Though working face-to-face with others will likely never become obsolete, companies are going to be looking for much more adaptable real estate frameworks as a way of managing both flexibility in the workforce and the diversity of working habits.

2. COLLABORATIVE ECONOMY

Elie says as people increasingly choose to share and crowdsource goods, services, funding and transportation, the real estate market must adapt to new ways of distributing demands. The demand for co-working spaces could outweigh the need for traditional office space, according to CB's blueprint online magazine.

3. TRANSPORTATION REVOLUTION

In a similar fashion to collaborative office space, the sharing economy has had significant impact on transportation, where companies like Uber have changed the way we work, and allow people and goods to move around more freely. Elie says it may also ultimately change infrastructure needs, even creating huge opportunities for redevelopment of spaces previously used for cars, from streetside parking spots to multilevel parking decks.

Continue reading this story with a free account

Log in or register
Related Topics: Elie Finegold , Fundrise , Realty Mogul , Uber , WeWork
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Rexford Sells Fullerton Industrial Building For $50.2M: The Los Angeles Deal Sheet

What's At Stake For CRE In Tuesday's U.S. Midterm

The Data Center Election That Matters Isn't In Congress

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age