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Five Real Estate Technologies Changing the Commercial Real Estate Landscape

 

Up-and-coming technologies not only are shaping the commercial real estate industry but also are changing the way real estate professionals interact with properties and use them for business purposes. If you follow the top real estate podcasts, blogs, and more, you'll come across several innovations designed to propel your career.

Following are five real estate technologies changing the commercial real estate landscape as well as information about how you can incorporate these innovations into your work in the industry:

  1. Smart Sensor Technology. Smart sensor technology is an affordable innovation available in the real estate industry. It allows people like property managers to make changes to the conditions in their properties using instant reports. Because this technology can monitor both people and objects, it helps real estate professionals gain more insight into the inner workings in and around their buildings and maximize their business decisions.
  2. Drone Technology. Drone technology is a second discovery to utilize in the real estate industry. It provides a visually detailed way to communicate information and is changing the way people, such as investors, view properties. This technology affects site selection, as it shows real estate professionals properties from different viewpoints to better inform their everyday business decisions.
  3. Big Data Technology. Big data technology is a third accessible development in the real estate industry. This advancement makes it possible to process large amounts of data from several sources at the touch of a button. Because this technology allows everyone from investors to brokers to access data while on the go, it offers insight into developing trends in the industry and presents opportunities for growth over the web.
  4. Beacon Technology. Beacon technology is a fourth novelty on deck in the real estate industry. Using mobile apps, it gives users the ability to listen and react to signals from beacons in the physical world. Because this technology sends hyper contextual information to app users in different locations, it makes understanding different positions and communicating with these surroundings easy for real estate professionals.
  5. Cloud-Based Technology. Cloud-based technology is a fifth easy-to-use innovation applicable in the real estate industry. It lets business leaders share information and collaborate on projects online. Because this technology can make everyday business dealings faster and easier, it ensures that real estate professionals have up-to-date information and can pass along things like paperwork anywhere in the world.

If you listen to the latest developments on your way to work or read about them during your lunch break, you can stay abreast of these and other recent developments and use them to your advantage to enhance your work in the industry. These technologies have the power to revolutionize the way brokers, investors, and other professionals interact with properties.

 
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RINA Real Estate
RINA accountancy corporation
realestate@rina.com
925-274-5740
201 No. Civic Drive, Suite 220
Walnut Creek, CA 94596
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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