Predictions: Accelerated Change in Technology & Real Estate
Technology has transformed our world in every way – from how we communicate, do business, buy goods and services, and stay connected.
At many conferences I attend and in many articles I come across, technology in real estate, and particularly in commercial real estate (CRE), was seen as lagging behind other industries.
Technological advances in the real estate sector are growing and addressing the needs of investors, developers, and real estate professionals.
I believe we are poised for a great year in 2018 for more technology in real estate – including advances in Artificial Intelligence (AI), 3D printing and modeling, next-generation geographic information systems (GIS), and Internet of Things (IoT).
Michael Sroka, Co-Founder and CEO of Dealpath, shares some insights on CRE technology in The Top Five CRE Software Narratives To Watch In 2018 from his article in Forbes, Real Estate Council:
In August, I described what I call the Great Consolidation of CRE Tech. Since then, all signs have shown that the industry is indeed in a period of both rapid expansion and consolidation.
Honest Building raised $13 million in a Series B with Brookfield this October, and Realty Shares secured $28 million i