Are you a commercial real estate owner who is looking to increase your business? If so, you're in luck. Technology has shaped a wide range of industries across the globe and commercial real estate is no different. Additionally, the pandemic has been proven to be the fuel for these technology trends that are about to take over the commercial real estate industry in a significant way.
With the help of these game-changing technologies, not only will you be able to disrupt the industry but also change the way people interact with their surroundings. So, what are these technologies? Here are 7 commercial real estate technology trends that are set to disrupt the industry in 2023.
If you're a commercial real estate owner, then you know that having a good understanding of your property is key to increasing business. Thanks to the exponential growth of drones for commercial purposes, you can now get an amazing bird's eye view of your property with just a few clicks. This technology is particularly useful for potential buyers or renters, as it helps give them a better understanding of the property. It can also be used for inspections and to get a better view of hard-to-reach areas.
In particular, using aerial footage from drones is a great way to do it. Drone videos can showcase the topography of your property and its surroundings, as well as be used in website videos and social media posts. In years to come, drone footage will continue to be an important part of marketing commercial real estate as this technology is quickly developing. For instance, FPV drones can fly indoors and provide an excellent alternative to traditional virtual tours.
Big data and analytics is a technology that is going to change the commercial real estate industry. This technology lets organisations collect and analyse a lot of data to identify trends and make better decisions. For example, big data can be used to track how many people walk by a certain area or how people are using a space. With this information, you can make changes that will make it better for the people who use it.
Plus, big data can be used for marketing purposes. For instance, you can use data analytics to target potential customers with ads that are meant just for them. And, you can also use it to find new places to develop or invest in. With the help of big data and analytics, you'll be able to make better decisions about where to put your money.
Conversation AI and chatbots are a technology that is changing the way businesses operate. In the commercial real estate industry, this technology is being used to automate conversations with potential buyers or renters. This has a lot of benefits, such as saving time and providing potential customers with the information they need when they need it. For example, if someone is interested in renting a space, they can ask the chatbot about the availability of the space and the price. The chatbot will then provide them with the information they need to make a decision.
This technology is also being used to create custom experiences for customers. For example, a chatbot can be used to provide personalised recommendations for properties that match the customer's needs. This can be a great way to improve customer satisfaction and loyalty. Chatbots are still in their early stages, but they have a lot of potential to revolutionise the commercial real estate industry.
If you're not using chatbots in your business yet, you're missing out on a huge opportunity. Chatbots can save you time and money, while providing your customers with the information they need.
Mobile applications can help people find information about properties quickly and easily. They can also be used to schedule tours of properties. This makes it easier for people to find the right property for them. For instance, you can use them to show people what a property looks like, how much it costs, and when it is available. People can also use mobile apps to schedule tours of properties. This makes it easier for them to find the right property for them. Mobile apps are a valuable tool for any CRE organization.
Mobile applications are also a great way to promote your business. You can use them to show people what your business is all about and to promote special offers. This can help you attract new customers and keep existing customers satisfied. If you're not using mobile applications yet, you're missing out on a lot of benefits.
Augmented reality and virtual reality are two of the most talked about technologies in commercial real estate today. Both have the potential to change the way we work and live, but they each have their own unique benefits and drawbacks. Let's take a look at each one in more detail.
Augmented reality (AR) is a technology that superimposes computer-generated images on top of real-world objects. It has the potential to change the way we interact with our physical surroundings. For example, you could use AR to see information about a building you're interested in buying or renting, such as its square footage, number of floors, and amenities. AR can also be used for things like navigation and wayfinding.
Virtual reality (VR) is a technology that allows users to immerse themselves in a computer-generated environment. It has the potential to change the way we interact with digital information. For example, you could use VR to tour a property you're interested in buying or renting. VR can also be used for things like training and simulations.
AR and VR each have their own strengths and weaknesses, but overall they are two technologies with a lot of potential in the commercial real estate industry. Here are the key benefits summarised:
Commercial real estate owners can increase their business with the help of the internet of things. This technology allows you to automate tasks and improve the efficiency of your operations. Here are some specific ways that IoT can help you grow your business:
The internet of things is a powerful tool that can help you improve the efficiency of your commercial real estate business. Implementing IoT in your business can help you save money, avoid costly downtime, and provide better service to your tenants.
Commercial real estate (CRE) has been one of the most active sectors for blockchain technology pilots and proofs of concept. The benefits that blockchain can bring to CRE are manifold, but two key advantages are: reducing fraud and speeding up transactions. Here we will explore these two benefits in more detail.
Fraud is a huge problem in the CRE industry. Last year, a study by Kroll found that CRE was the second most common target of fraudsters, after the banking and finance sector. One of the reasons why fraud is so prevalent in CRE is because of the lack of transparency in the industry. With blockchain, all transactions can be recorded on a public ledger, which makes it much more difficult for fraudsters to tamper with the data.
Another benefit of blockchain is that it can help to speed up transactions. Currently, the process of buying or selling a property can take weeks or even months to complete. With blockchain, the entire process can be completed in a matter of minutes. This is because blockchain allows for the creation of smart contracts. These are contracts that can be automatically executed when certain conditions are met. For example, a smart contract could be used to automatically transfer the ownership of a property from the seller to the buyer once the sale has been completed.
The benefits of blockchain technology are clear. However, it is important to note that blockchain is still in its early stages of development. It will likely take some time for the technology to be fully developed and adopted by the CRE industry. Nevertheless, the potential benefits are significant and it is definitely worth keeping an eye on this emerging technology.
Commercial real estate is a booming industry, and there are many different technologies that business owners can use to improve their operations. In this article, we have explored seven different technologies that commercial real estate owners should be aware of: the internet of things, blockchain, virtual reality, augmented reality, artificial intelligence, and drone technology. Each of these technologies has the potential to bring significant benefits to CRE businesses. It is important for business owners to research these technologies and determine which ones will best suit their needs.
If you're looking for a new and innovative way to market your commercial real estate, consider using FPV drone services. Our team of experts can help you capture stunning aerial footage and create videos that will wow your audience. Contact us today to learn more about how we can help you stand out from the competition.
Are you a commercial real estate owner who is looking to increase your business? If so, you're in luck. Technology has shaped a wide range of industries across the globe and commercial real estate is no different. Additionally, the pandemic has been proven to be the fuel for these technology trends that are about to take over the commercial real estate industry in a significant way.
With the help of these game-changing technologies, not only will you be able to disrupt the industry but also change the way people interact with their surroundings. So, what are these technologies? Here are 7 commercial real estate technology trends that are set to disrupt the industry in 2023.
If you're a commercial real estate owner, then you know that having a good understanding of your property is key to increasing business. Thanks to the exponential growth of drones for commercial purposes, you can now get an amazing bird's eye view of your property with just a few clicks. This technology is particularly useful for potential buyers or renters, as it helps give them a better understanding of the property. It can also be used for inspections and to get a better view of hard-to-reach areas.
In particular, using aerial footage from drones is a great way to do it. Drone videos can showcase the topography of your property and its surroundings, as well as be used in website videos and social media posts. In years to come, drone footage will continue to be an important part of marketing commercial real estate as this technology is quickly developing. For instance, FPV drones can fly indoors and provide an excellent alternative to traditional virtual tours.
Big data and analytics is a technology that is going to change the commercial real estate industry. This technology lets organisations collect and analyse a lot of data to identify trends and make better decisions. For example, big data can be used to track how many people walk by a certain area or how people are using a space. With this information, you can make changes that will make it better for the people who use it.
Plus, big data can be used for marketing purposes. For instance, you can use data analytics to target potential customers with ads that are meant just for them. And, you can also use it to find new places to develop or invest in. With the help of big data and analytics, you'll be able to make better decisions about where to put your money.
Conversation AI and chatbots are a technology that is changing the way businesses operate. In the commercial real estate industry, this technology is being used to automate conversations with potential buyers or renters. This has a lot of benefits, such as saving time and providing potential customers with the information they need when they need it. For example, if someone is interested in renting a space, they can ask the chatbot about the availability of the space and the price. The chatbot will then provide them with the information they need to make a decision.
This technology is also being used to create custom experiences for customers. For example, a chatbot can be used to provide personalised recommendations for properties that match the customer's needs. This can be a great way to improve customer satisfaction and loyalty. Chatbots are still in their early stages, but they have a lot of potential to revolutionise the commercial real estate industry.
If you're not using chatbots in your business yet, you're missing out on a huge opportunity. Chatbots can save you time and money, while providing your customers with the information they need.
Mobile applications can help people find information about properties quickly and easily. They can also be used to schedule tours of properties. This makes it easier for people to find the right property for them. For instance, you can use them to show people what a property looks like, how much it costs, and when it is available. People can also use mobile apps to schedule tours of properties. This makes it easier for them to find the right property for them. Mobile apps are a valuable tool for any CRE organization.
Mobile applications are also a great way to promote your business. You can use them to show people what your business is all about and to promote special offers. This can help you attract new customers and keep existing customers satisfied. If you're not using mobile applications yet, you're missing out on a lot of benefits.
Augmented reality and virtual reality are two of the most talked about technologies in commercial real estate today. Both have the potential to change the way we work and live, but they each have their own unique benefits and drawbacks. Let's take a look at each one in more detail.
Augmented reality (AR) is a technology that superimposes computer-generated images on top of real-world objects. It has the potential to change the way we interact with our physical surroundings. For example, you could use AR to see information about a building you're interested in buying or renting, such as its square footage, number of floors, and amenities. AR can also be used for things like navigation and wayfinding.
Virtual reality (VR) is a technology that allows users to immerse themselves in a computer-generated environment. It has the potential to change the way we interact with digital information. For example, you could use VR to tour a property you're interested in buying or renting. VR can also be used for things like training and simulations.
AR and VR each have their own strengths and weaknesses, but overall they are two technologies with a lot of potential in the commercial real estate industry. Here are the key benefits summarised:
Commercial real estate owners can increase their business with the help of the internet of things. This technology allows you to automate tasks and improve the efficiency of your operations. Here are some specific ways that IoT can help you grow your business:
The internet of things is a powerful tool that can help you improve the efficiency of your commercial real estate business. Implementing IoT in your business can help you save money, avoid costly downtime, and provide better service to your tenants.
Commercial real estate (CRE) has been one of the most active sectors for blockchain technology pilots and proofs of concept. The benefits that blockchain can bring to CRE are manifold, but two key advantages are: reducing fraud and speeding up transactions. Here we will explore these two benefits in more detail.
Fraud is a huge problem in the CRE industry. Last year, a study by Kroll found that CRE was the second most common target of fraudsters, after the banking and finance sector. One of the reasons why fraud is so prevalent in CRE is because of the lack of transparency in the industry. With blockchain, all transactions can be recorded on a public ledger, which makes it much more difficult for fraudsters to tamper with the data.
Another benefit of blockchain is that it can help to speed up transactions. Currently, the process of buying or selling a property can take weeks or even months to complete. With blockchain, the entire process can be completed in a matter of minutes. This is because blockchain allows for the creation of smart contracts. These are contracts that can be automatically executed when certain conditions are met. For example, a smart contract could be used to automatically transfer the ownership of a property from the seller to the buyer once the sale has been completed.
The benefits of blockchain technology are clear. However, it is important to note that blockchain is still in its early stages of development. It will likely take some time for the technology to be fully developed and adopted by the CRE industry. Nevertheless, the potential benefits are significant and it is definitely worth keeping an eye on this emerging technology.
Commercial real estate is a booming industry, and there are many different technologies that business owners can use to improve their operations. In this article, we have explored seven different technologies that commercial real estate owners should be aware of: the internet of things, blockchain, virtual reality, augmented reality, artificial intelligence, and drone technology. Each of these technologies has the potential to bring significant benefits to CRE businesses. It is important for business owners to research these technologies and determine which ones will best suit their needs.
If you're looking for a new and innovative way to market your commercial real estate, consider using FPV drone services. Our team of experts can help you capture stunning aerial footage and create videos that will wow your audience. Contact us today to learn more about how we can help you stand out from the competition.
