Look Out For These CRE Tech Disrupters In 2018

The new year is fast approaching, and with the new year comes new technology.

From the rise of retail tech such as scan-and-go shopping, to 3D printing that can be used to produce building models and floor plans, technology has  transformed the commercial real estate industry this year. As companies around the world continue to innovate, there are three forms of technology to keep an eye on in 2018, according to Forbes:

Tech Focused On Transactions And Engagement

Curated online experiences are expected to take a lead in 2018 with companies like Compass — which curates properties online in order to make searching for real estate easier for both agents and their clients — introducing platforms that allow agents to better understand buyer behaviors and improve relationships.

Chatbots

Chatbots already exist in the form of Apple’s Siri and the Amazon Echo, but within the next year they could start to seep into the commercial real estate sector, where they could aid with things like lead generation and customer service. 

Blockchain

Though the real estate sector has been slow to adopt cryptocurrency, blockchain, the technology on which bitcoin is built, is slowly making its way into the industry. This is expected to continue well into 2018. Blockchain tech is an electronic ledger that keeps a running list of transactional records to share with a secure network. It has been praised by supporters for its transparency, accuracy and ability to digitally track assets, speed up transactions and minimize fraud.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift