Prioritizing Technology’s Future in the Industry

Technology within the commercial real estate industry has steadily advanced within recent years. However, the onset of the COVID-19 pandemic has rapidly progressed the adoption of new innovations across all areas of the industry. Throughout the crisis, commercial real estate professionals have increasingly embraced technology in order to ensure accuracy and improve efficiency. Companies and individuals alike are aiming to provide new products that maximize value and offer a competitive vantage.

According to a recent survey executed by Appfolio, 23% of property managers have increased dependence on technology since the beginning of the pandemic. Director and industry principal of Appfolio, Stacy Holden predicts, “In the post-COVID-19 future, remote work will continue to be a significant driver of technology adoption, and the level of convenience technology affords will be an expectation by property management professionals and renters alike, well into the future.”