As originally published on the Forbes Real Estate Council September 13, 2019. To view the original article, click here.
Part One will focus on the most popular areas where data management can effectively influence NOI, while Part Two will tactically detail steps to affect these factors.
Much has changed in commercial real estate over the last several years, and 2019 has proven to be no different. Now more than ever, the industry is being overhauled by a mass infusion of technology platforms and digital gadgets, which has had an impact on the expectations of owners, outside investors, and even tenants. This has led to new business models being created in the market. Operational efficiencies and attracting new capital have become the primary purposes of implementing technology across property portfolios. Savvy industry players are making plans to capitalize on the expected transition to what could be a more stable and sustainable market.