McKinsey & Company released an insightful report on why the construction industry lags so far behind other major industries in productivity, and what can be done to fix the problem.
Now that more than half the year is behind us, we wanted to check in on the state of the CRE Tech sector. At the start of the year, we found several sources that predicted continued growth in real estate technology investment and deployment, and a few sources that saw some trouble on the horizon.
As it happens, leaders from across the industry spent the summer looking closely at activity from Q1/Q2 and assessing what that means for the remainder of the year and beyond. Overall, analysis indicates that CRE technology will continue to gain traction, but widespread adoption still poses the biggest challenge.
The NAIOP research foundation has released its annual report, Economic Impacts of Commercial Real Estate; a study filled with statistical analysis on pre-construction, site development, on-site construction, tenant improvement and operations expenditures across office, industrial, warehouse and retail real estate in the US.
Last year was a banner year for commercial real estate technology. If you missed the highlights, get up to speed here, here and here. Then 2016 arrived, bringing signs of distress in global capital markets and questions about the impact on commercial real estate. The multifamily sector and development in major downtowns appear strong, but growth elsewhere verges on stagnant.
How will nascent turbulence in the industry impact CRE tech in 2016? Here are thoughts from five industry leaders on where CRE tech is most viable and where it might stumble.
CRE Technology firms continue to go from strength to strength, and the last few weeks are a terrific illustration of that momentum. This month's edition of #CRE Dispatches looks at the recent research, initiatives and funding rounds that are propelling CREtech growth.