The development of technology has always been a major driving force in all segments of all industries, the commercial real estate industry being no exception. Software and hardware development for commercial appraisal report writing software, telecommunication and tech outsourcing have all been developing at incredible speeds in recent years and that pace has changed the face of the entire commercial real estate industry – here are some features:
- User-friendly online listings – online listings have been around for a long time, but their popularity started increasing only recently due to the increased accuracy guaranteed by modern technologies, such as the usage of drone photography and GPS;
- 3D virtual tours – with these tours, interested buyers no longer need to visit the property personally – they can watch the tour whenever they want and see every detail they consider important;
- Safety and security – camera technology as well as the techniques to transmit data over various channels are also in permanent, quick-paced development, giving property owners and property managers more peace of mind and more control over the activities carried out on their properties;
- Using online platforms to attract investors – technology has also transformed the ways that investors obtain the information they need for making the decision to invest, the usage of platforms becoming increasingly common.
Originally Posted over here: How Technology Is Changing the Commercial Real Estate Industry
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