The boundaries of real estate technologies
keep on expanding. Are you up to speed?
When looking at real estate technology trends,
it seems like progress will never end. Ground-shaking technological
advancements are spearheading the commercial industry by transforming how this
business gets done, how tenants interact with properties, and how we view the
CRE industry as a whole.
It’s 2020 and the pace is unprecedented.
Commercial real estate pros from all around the globe need to keep their eyes
on these highly anticipated tech trends.
These are the biggest technology trends in
real estate that we can’t afford to ignore:
Expect
to See Virtual, Augmented, and Mixed Reality Integrations
When 3D modeling technologies began taking
hold within the world of real estate, it marked a major progression of real
estate tech. Virtual, augmented, and mixed reality integrations have been
completely reimagining the industry at large.
One of the most prominent places we’re seeing
VR in real estate is through virtual touring - something that’s already taken
off within online leasing arenas and property listing websites. This major
progression has helped enliven the market search process. VR tours are making
the details clearer, expanding the target influence to remote buyers, and
making listings more dynamic than ever.
But, it doesn’t stop there. VR is also helping
to expand pre-construction leasing by advertising properties while they’re
still in the development stage. Additionally, VR is being used to plan property
renovations and buildout projects, too.
Online
Investment Marketplaces are Gaining Momentum
Shopping for real estate is going to get a lot
more digital. This newly-introduced method of real estate marketing is helping
investors from all around the world get in touch with buyers - regardless of
their locations. Of course, virtual reality will be included in the marketing
module.
Programs including these cutting-edge
marketplaces are set to transform the real estate buying and selling process in
major ways.
Hello,
Big Data
In today’s world, information is the most
powerful asset in business. That said, it’s no wonder that Big Data is marking
a big presence within real estate. In this industry, Big Data refers to the
massive stores of market research, analytics, and prospects that fuel winning
real estate strategies.
Real estate pros are harnessing the powers of
Big Data to appeal to buyers, explore seller’s motivations, and zero in on the
most coveted property features on the market. Don’t ignore the profit-boosting
powers of data - especially in 2020 and beyond.
Going
Quantum with Automation
Ever get the feeling there’s not enough time
in the day? Well, business automation can help with that. Real estate
businesses are choosing to harness the powers of automation to alleviate some
of the busywork required to stay current in today’s market.
Social media streams, daily operations, client communications, and property upkeep are going through an intensive automation process - helping real estate professionals spend more time on the things that matter most.
No matter what your role is in the real estate
industry is, keeping an eye on these trends will keep you ahead of the pack.
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