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Closing the Tech Talent Gap: How Real Estate Developers Can Prepare for the Future
There is no going back. The commercial real estate industry has fervently embraced technology and integrated digital tools into daily business operations—and year after year, the industry continues to advance technology adoption. This year, JP Morgan Chase highlighted proptech as a solution to inflation, rising interest rates, and the labor shortage, and Deloitte said commercial…
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The Change Order Survival Guide for Real Estate Developers
In the lifecycle of a complex real estate development project, changes to the construction plan are inevitable. From moments of architectural inspiration to unexpected conditions on the job site, developers need to be nimble to address a project’s evolving demands. A change order (also called variations or variation orders) allows a general contractor, subcontractor, or…
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Data Opens Big Doors for Small Real Estate Developers
Data and analytics are the cornerstone of the technological revolution in commercial real estate. The information gleaned through data and automation gives real estate organizations unique insights—and knowing what others don’t is a valuable competitive advantage. Although real estate is known for its glacial adoption of new technology and innovation, companies have quickly understood the…
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Technology Is Fueling CRE Development’s Most Valuable Asset: Workers
Americans are conspicuously familiar with the idiom “There is no substitute for hard work.” Hard work is a uniquely American pastime. Since World War II, labor productivity growth has contributed 2.2% annually to economic growth and driven 1.7% annual gains in real income. Labor is the biggest line item on a company’s balance sheet and…
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How Real Estate Project Managers Are Using Technology to Produce Better Outcomes
Real estate project managers are on the front of new development. The job requires seamlessly coordinating various moving parts, and the goal is always flawless execution: delivering on time and on budget with as few missteps as possible.
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The 5 Trends Shaping the Real Estate Proptech Market in 2023
In the last three years, nearly 100% of commercial real estate stakeholders have adopted and integrated technology solutions to drive efficiency and streamline operations. Data and analytics have been at the center of the proptech conversation—and for good reason. Data insights are critical to successful investment performance. Last year, JLL said, “Technology and data will…
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How Real Estate Data and Analytics Support Office-to-Apartment Conversions
In recent years, the trend of converting office buildings into apartments has been growing due to changing work environments, increasing high demand for urban living space, and advancements in technology. Deliveries of residential buildings through adaptive reuse hit an all-time high in 2020-2021, outpacing the growth rate of new apartment completions by 10%.
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Everything CRE Developers Need to Know About Proptech Software
The rise of proptech, or property technology, is transforming how commercial real estate developers do business. New software platforms enable firms across the country to bolster returns, improve their effectiveness, and drive growth. Future Market Insights predicts the benefits these innovative solutions bring to the industry are significant enough to create a segment worth $86.5…
