X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A new report from Building Engines called The CRE Technology Gap explores the current relationship between technology and real estate ownership. More than half of real estate operators want to implement more technology and 84% of owners believe that technology can help the business meet all of its operational goals. In addition, 89% of property owners believe that technology is shaping the commercial real estate industry. So, it is clear that technology is playing an increasingly important role in real estate operations; however, many operators still struggle to find the right technology solution.

One challenge facing the industry is the need for better quality technology. Operators want technologies that can increase revenue, deliver the best occupant experience and reduce their operating costs. According to the survey, 51% of owners said that the right technology could streamline operations, while 49% said that it could help make decisions quicker and 48% said that they could more effectively respond to occupant needs. However, current technology needs are not being met. 30% of owners said that the current program is providing acceptable or pool value. As a result, many operators are making changes. In fact, 41% of operators said that they changed from one technology solution to another and 34% said that they adopted a new technology solution. In addition, operators are looking for technology solutions that impact the occupant experience. More efficient operations could impact the occupant experience, according to 74% of those surveyed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.