Keynotes at NAIOP\u2019s I.CON West Focus on Economics, Leadership<\/a><\/p>\n\n\n\n
\n\n\n\n \u201cWe\u2019re quite excited about coworking and co-living, and over time we see more management of (industrial) units,\u201d said Sarah Liu, vice president of the real estate technology investment team at Fifth Wall. \u201cLandlords who are tech savvy can manage it.\u201d Such arrangements could serve small retailers and startups that depend on delivery of goods.<\/p>\n\n\n\n
Michael Landsburg, chief development officer for NFI Real Estate, said that robotic technologies will alter the ways buildings are designed and people are managed.<\/p>\n\n\n\n
Robots at work<\/h2>\n\n\n\n
Comparing utilization of flexible technology to the traditional way of counting inventory, Landsburg said, \u201cit used to be people walking around and it would shut down the warehouse for two days. Now they can have robots doing that work.\u201d Robotics are not replacing labor but making processes more efficient, he said, freeing up people for other tasks.<\/p>\n\n\n\n
He also spoke about remote operation of forklifts, which will necessitate buildings being designed and even painted with laser optics in mind.<\/p>\n\n\n\n
The ability to analyze data is currently a weakness for industrial real estate, but has the potential to become a game changer, said Adir Levitas, CEO of Faropoint. \u201cThere is a revolution in what is happening with data,\u201d Levitas said, one that has already happened in some other sectors and is taking time to get to commercial real estate.<\/p>\n\n\n\n
\u201cThe opportunity is endless in real estate as a whole,\u201d he said. \u201cWe\u2019re not analyzing data anywhere; we\u2019re not doing enough to predict trends\u2014in submarkets or cities or specific locations. There\u2019s a lot to say about which side of the street you are on, understanding location better, proximity to users. What do you care about specifically? What does that location mean to a tenant? Who are your customers?\u201d<\/p>\n\n\n\n
Data will also play a role in disrupting nearly every process, including brokerage; more tenant decisions could be automated, creating new ways for brokers to meet clients\u2019 needs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coworking, the last mile and autonomous vehicles promise to transform industrial real estate.<\/p>\n","protected":false},"author":2456,"featured_media":1004558909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,10],"tags":[32878],"class_list":["post-1004558914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-northeast","tag-naiop"],"acf":[],"yoast_head":"\n
I.CON East Panelists Eye Industrial Innovations - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Coworking, the last mile and autonomous vehicles promise to transform industrial real estate. Technology has the potential to make what may have seemed like a staid sector of commercial real estate into the most cutting-edge of all the property types.\" \/>\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\/i-con-east-panelists-eye-industrial-innovations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I.CON East Panelists Eye Industrial Innovations\" \/>\n<meta property=\"og:description\" content=\"Coworking, the last mile and autonomous vehicles promise to transform industrial real estate. 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As news headlines scream about the supply chain nearing the breaking point, with e-commerce demand and labor shortages applying constant pressure, a group of panelists at NAIOP\u2019s I.CON East on Nov. 11-12 in New Jersey spoke about innovations in industrial real estate that may transform the landscape.<\/p>\n\n\n\n