When the coronavirus restrictions froze almost every aspect of dealmaking — from travel to in-person tours — the real estate industry scrambled to find alternatives to keep business going. Many of those alternatives came in the form of advanced technology, with developers, property managers and proptech firms alike plowing time and money into creating new technologies to allow clients to keep looking at assets to buy and space to rent.
As the pandemic slowly begins to recede and restrictions ease, doubts have emerged as to whether these offers will stand the test of time. Some commercial real estate players consider them a vital part of the business that is here to stay, but others think their shelf life is limited.
“I think momentum is exponential across the board, and it’s never going back,” VTS co-founder Ryan Masiello said. “But there's going to be many people that are providing the sort of digital services that where the proof really wasn't in the pudding and that they'll sort of fade away.”Last summer,…
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