Smart Learning, The Next Big Disruptor in CRE

While technology has disrupted nearly every other industry, commercial real estate has yet to see the impact of new technology—but all of that is going to change. At the Download/V2 conference in Marina del Rey, tech leaders discussed how technology is going to impact the future of business. The round table discussion was led by Newmark Knight Frank’s executive managing director Ryan Harding and managing director Jennifer M. Frisk with speakers Rachel Devenow, head of global tax planning at Snap; Josh Entman, co-founder and chief creative officer at Jukin Media; Julie Locke, tax business development leader and growth markets at EY; and Karin Kuo, director of people and talent at Grindr. The roundtable discussed the impact technology will impact the future of business. Following the conversation, we sat down with hosts Harding and Frisk to get their insight on how these changes will impact CRE.

GlobeSt.com: What is the next big disruptor, and how will it impact CRE?

Ryan Harding: The next big disruptor is the communication between data and technology-driven products. This includes everything from Ring, to magnetic bots that will be utilized to distribute medicine more accurately to the appropriate areas within the body. This approach to smart learning should translate to the commercial real estate world and our overall decision-making process. Technology will be able to understand a company or person’s office space preferences and match them with a building.  So, instead of running a survey of available space in a size range, it will look at hundreds of factors, and provide a very short list of options that match all preferences, like amenities, location, pricing, building style, peer locations. This will make the real estate process and business infinitely more efficient.