A Tech-driven transformation
The increasing importance of technology and digitalisation has come to the fore throughout the COVID-19 pandemic, particularly in the office market but also in life sciences, build to rent and logistics.
Technology’s impact is profound, accelerating change in a real estate world which to many has changed little since the mid-1980s when fast-track construction was the last major innovation, pioneered by Sir Stuart Lipton and Godfrey Bradman when developing Broadgate.
Since then, we have seen innovation in financing such as the introduction of various debt tools and real estate investment trusts, but little to compare with the revolution that has gathered pace in real estate over the last 12 months.
Importantly, there is now an acceptance that technology is a powerful force for change from the real estate industry itself.
The real estate professionals we polled also recognised the value of smart technology, with 91% saying it delivers higher satisfaction from tenants and 89% saying it allowed easier management of their buildings.
Interestingly, 58% of real estate professionals now see technology as increasing the value of property with 58% also saying it increases interest from investors. Technology is driving improvements in the sustainability of buildings, no doubt influenced by the ESG agenda of investors.
What benefits can smart building technology give landlords? (Real estate sector)
.jpg?v=4)
