Leading Irish property investor IPUT says the commercial property sector has been slow to embrace digital technology and property owners need to reassess their business models. One estimate suggests real estate is lagging other sectors by as many as five years, according to a report from IPUT. “Commercial real estate has been slow to adopt new technologies. The traditional business model of letting properties on a 10-20 year basis has not demanded it. But things are changing,” IPUT said, citing the rise of disruptive property companies such as WeWork and noting that changing demand had brought an opportunity for investors and developers to rethink solutions to improve “efficiency gains and additional revenue streams.”
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
September 27, 2019
January 7, 2020