The commercial real estate industry will not only benefit fromtechnological efficiency, it needs it. In the next few decades, wewill see rapid global population growth, urbanization and anincrease in institutional capital investment. To manage thesegrowing demands and supply market needs, real estate owners andinvestors will need to create efficiency through technology.

“The global urban population is expected to reach 6.3 billion by2050. This is up from 3.6 billion in 2010,” RiggsKubiak, CEO of Honest Buildings, tellsGlobeSt.com. “With such an influx of people into urban areas,buildings will need to be repositioned. Urban centers as big as NYCto small suburban downtowns all over the globe will need to meetthe changing needs of people to live, work, and play. As this largeinflux of people is happening, institutional investors will seeassets under management swell to $101.7 trillion dollars by2020.”