{"id":1004145954,"date":"2016-06-14T09:37:05","date_gmt":"2016-06-14T17:37:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004145954"},"modified":"2020-05-11T23:25:37","modified_gmt":"2020-05-12T07:25:37","slug":"economy-watch-cre-set-to-be-upended-by-new-technology","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-cre-set-to-be-upended-by-new-technology\/","title":{"rendered":"Economy Watch: CRE Set to be Upended by New Technology"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004146104\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004146104\" data-attachment-id=\"1004146104\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-cre-set-to-be-upended-by-new-technology\/avison-young-tech-report\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg\" data-orig-size=\"496,345\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1465996738&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Avison Young tech report\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Credit: Avison Young, &#8220;Technological Disruption and the Real Estate Industry&#8221; report&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg?w=496\" class=\"size-medium wp-image-1004146104\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg\" alt=\"Credit: Avison Young, &quot;Technological Disruption and the Real Estate Industry&quot; report\" width=\"300\" height=\"209\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg 496w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg?resize=300,209 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004146104\" class=\"wp-caption-text\">Credit: Avison Young, &#8220;<a href=\"https:\/\/avisonyoung.uberflip.com\/i\/684513-aytopicalreport-techdisruption-june8-16final\" rel=\"nofollow\" target=\"_blank\">Technological Disruption and the Real Estate Industry<\/a>&#8221; report<\/p><\/div>\n<p>Innovations in material science, construction technology, building operating systems and finance are set to upend the commercial real estate market, delivering higher performance and lower cost but also a reconfigured marketplace. That&#8217;s one of the key trends noted in <a href=\"https:\/\/avisonyoung.uberflip.com\/i\/684513-aytopicalreport-techdisruption-june8-16final\" rel=\"nofollow\" target=\"_blank\">\u201cTechnological Disruption and the Real Estate Industry: How Technology is Changing Our Business and Opening a World of Opportunity,&#8221;<\/a> which Avison Young released recently.<\/p>\n<p>The process-technology revolution\u2013the application of data analytics, hardware and software innovation and disruptive business models\u2013may have the greatest effect of all on the real estate services industry, according to the report, which was written by Amy Erixon, Avison Young principal and managing director- investments. Investors and occupiers need to understand how to identify properties that will contribute the most value to the workplace as well as to their bottom line.<\/p>\n<p>Among other things, the report notes that computational abilities currently are being embedded in buildings, and how infrastructure can be augmented with wireless sensors to provide automated monitoring, analysis and control of virtually any metric, with or without human intervention. The report concludes that technological disruption and transformation will, or certainly should, alter investment portfolio criteria\u2014and those criteria must be understood by decision-makers.<\/p>\n<p>\u201cWe examine four critical areas: software and hardware innovation; construction and materials engineering; process technology; and smart cities infrastructure and policies,&#8221; Erixon said. The report provides examples to illustrate how change and disruption will manifest, and discusses how the convergence of various technological applications can result in significant investment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Avison Young report suggests the process technology revolution could have the biggest impact of all on the real estate industry.<\/p>\n","protected":false},"author":1269,"featured_media":1004146104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21787],"tags":[],"class_list":["post-1004145954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: CRE Set to be Upended by New Technology - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-cre-set-to-be-upended-by-new-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: CRE Set to be Upended by New Technology\" \/>\n<meta property=\"og:description\" content=\"A new Avison Young report suggests the process technology revolution could have the biggest impact of all on the real estate industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-cre-set-to-be-upended-by-new-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-14T17:37:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:25:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Avison-Young-tech-report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"496\" \/>\n\t<meta property=\"og:image:height\" content=\"345\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-cre-set-to-be-upended-by-new-technology\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-cre-set-to-be-upended-by-new-technology\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Economy Watch: CRE Set to be Upended by New Technology\",\"datePublished\":\"2016-06-14T17:37:05+00:00\",\"dateModified\":\"2020-05-12T07:25:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-cre-set-to-be-upended-by-new-technology\\\/\"},\"wordCount\":283,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-cre-set-to-be-upended-by-new-technology\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/06\\\/Avison-Young-tech-report.jpg\",\"articleSection\":[\"National\",\"News\",\"Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-cre-set-to-be-upended-by-new-technology\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-cre-set-to-be-upended-by-new-technology\\\/\",\"name\":\"Economy Watch: CRE Set to be Upended by New Technology - 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