Wednesday, 17 December 2014

Why Commercial Real Estate Is Ripe For Disruption In 2015

As we round out 2014 with a slew of predictions about entrepreneurial innovation in the year to come, there’s one industry that’s virtually always  overlooked in these discussions– commercial real estate.  Nevertheless, mark my words. This industry is on the brink of disruption.   Though one of the oldest industries in the United States, commercial real estate has lagged behind other industries in terms of innovation, particularly when it comes to adopting and advancing technology  In fact, it has been argued that the commercial real estate market is in the same place that the financial services industry was 20 years ago.   Thus, there’s a huge opportunity for tech innovators to enter the market to transform everything from how a transaction is done to the manner and method that critical information is accessed.

The sheer size of the commercial real estate industry is another reason why commercial real estate is a hotbed of entrepreneurship.  Roughly the size of the U.S. stock market (an estimated $15 trillion), the CRE market continues to move through the recovery phase of the economic and real estate cycles, putting it in a strong position to grow as the economy continues to stabilize.  But to continue this forward progression, increased investment and innovation in technology is paramount.


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1 comment:

  1. As we round out 2014 with a slew of predictions about entrepreneurial innovation in the year to come, there’s one industry that’s virtually always overlooked in these discussions– commercial real estate.

    commercial property management

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