Top innovations for CRE business

Experts and opinion makers in commercial real estate are acutely aware that the industry is at the cusp of a technology-driven transformation, says Nivedha Sridhar, marketing director, Facilio

- Nivedha Sridhar

The end of the year is here and from newsprint to airwaves and digital media, summations of the previous 12 months are everywhere around us. Such stocktaking is even more appropriate than usual this year, for the global commercial real estate industry. The second decade of the 21st century looks set to kick off a new era in which several factors that drive real estate markets will be redefined.

Climate change & rent regulations will continue to dominate discussions well into the New Year, and pose key ROI challenges for CRE owners

Customer expectations are transitioning into a greater focus on value

Service-based relationships are winning over transactional relationships

Customer delight & customer experience, is becoming the cornerstone of business success

Millennials and Gen Z have not only taken over the workforce, they will soon comprise a substantial chunk of homeowners.

Co-working and co-living trends have grown stronger roots and will witness a boom in 2020