Technology Is Driving Commercial Real Estate Trends

Experts from across the commercial real estate industry anticipate major changes in 2020, with several emerging trends influencing this shift. Modern technologies are making what is perhaps the biggest impact on commercial real estate. In 2020, more tenants than ever will be looking for buildings with Internet of Things (IoT) capabilities, and they will be willing to pay a premium to rent these spaces. As these functionalities become increasingly in demand, commercial real estate entities will be adding more smart buildings to their investment portfolios throughout 2020.

Technology is also influencing change in commercial real estate needs among retailers and grocers. The rise of e-commerce has forced many of these organizations to abandon their existing distribution hubs in favor of bigger commercial facilities with increased access to cold storage.

Artificial intelligence (AI) is another technology that is shaking up the commercial real estate sector. Many property investors are already leveraging AI to collect data, but few understand how to properly use it. In 2020, more real estate companies will use AI-driven data collection to do things such as follow tenant trends and discover new avenues of revenue.

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