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Technology Is Fueling CRE Development’s Most Valuable Asset: Workers
Three key ways that technology is tackling labor challenges for real estate developers.
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CRE Proptech Begins to Overtake the Residential Market
Last year, the outlook for the proptech sector turned grim. After a historic period of growth in 2020 and 2021, new economic headwinds and an aggressive monetary policy have curbed the roaring market growth.
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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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How CRE Developers Can Protect Their Projects From Fraud
A recent New York Times article put the spotlight on a significant and insidious problem affecting real estate developers nationwide: construction contractor fraud.
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Why Proptech Software is Essential for Real Estate Developers in 2023
CBRE recently published a dismaying long-term outlook for the commercial real estate market. The organization’s researchers believe record inflation, interest rate hikes, and an impending recession will lower asset values and diminish investment and leasing activity this year. The firm expects all property types will see a 5 to 7% value drop while funding volume
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Don’t Take Your Foot Off the Gas: Why CRE Developers Shouldn’t Slow Tech Adoption
The coronavirus pandemic was a turning point for technology adoption in commercial real estate. Most development companies (78%) reconsidered their technology strategies, embraced modern digital solutions, and invested in analytics programs, smart management tools, automation, and cloud-based software platforms. The last few years have seen historic progress in an industry with a reputation for being
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How to Avoid a Bad Commercial Real Estate Software Implementation
The right software can have a transformative impact on a company’s project outcomes. By integrating a platform built to service your vertical’s specific needs into your workflows, your firm can reduce overhead expenses, cut costs, and reduce the amount of low-value tasks that your team spends too much time on. However, bad software implementations are
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The Commercial Real Estate Software Developers Should Avoid Relying On
The best commercial real estate software can offer developers numerous competitive advantages, including reducing costs, streamlining workflows, and ensuring better project outcomes. However, investing in the wrong solution can cause severe problems like overcomplicated tasks, reducing visibility, and making the journey to a successful closeout harder than it needs to be. Unfortunately, marketing hype and
