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Technology 

7 Jobs that Technology Could Replace in the Coming Years

Depending on the survey, there are many different estimates about how many jobs are about to become obsolete because of technology. According to one think tank, in the public sector, about a quarter million administrative and civil service jobs are going to be lost within the next two years or so – resulting in billions of dollars in savings to the public. By 2030, McKinsey Global Institute estimates a loss of anywhere from 400 million up to 800 million jobs because of technology. They estimate that 60% of jobs today…

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Technology 

These 5 Technologies are Making Property Management Easier

Managing properties used to take a robust staff of dozens of people to collect rent, maintain the grounds, perform repairs and routine maintenance, etc. Current technology has made it so that nearly every single task in property management can be handled through technology, making it much easier to manage properties, engage with tenants, collect rent payments, and secure and retain new tenants. #1: CRE Management Platforms Commercial real estate was late to the game but as of late, there are tech companies catching up with this underrepresented market. It is…

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Technology 

How is Virtual Reality REALLY Going to Impact CRE

Virtual reality (“VR”) will create opportunities for everyone. In an excellent article on the topic by The Counselors of Real Estate (read it here), they explain how the use of virtual reality could change every aspect of deal making. “One of the main uses of VR for real estate is marketing. While the cost of a virtual model may seem high to some, the cost can be offset through the reduction of other marketing spend, a reduction of holding costs by compressing the transaction cycle and accelerating cash flow, which…

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CRE Trends Technology 

Are Bots Taking Over CRE?

  There have been plenty of stories circulating about how AI chatbots, or bots, are taking over  businesses and possibly even entire industries. But, until now, no one has really thought about how bot technology could impact and transform CRE. Robots, in some form or fashion, have already replaced humans in some jobs, from flipping burgers to assembling cars. But bots have no place in CRE, where human interaction is crucial and necessary… right? Think again. Technology, including bot technology, has found a new niche in the customer service area…

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Technology 

The Cloud Comes to CRE: How it’s Helping Agents Streamline Their Business

It’s official: just like so many other industries today, commercial real estate is going digital. The expansive capabilities of technology are continuously evolving and growing, and CRE is starting to innovate along the same lines. CRE professionals throughout the industry are turning to the cloud to both solve problems and to help increase their efficiency. Let’s take a closer look at 3 ways agents are using cloud based technologies to help streamline their business:   Online offices open 24/7 Historically speaking, CRE professionals haven’t had much of a choice but…

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Technology 

4 Ways to Attract the Tech Industry to Your Office Space

2017 was certainly a year that was no stranger to technology. In fact, technology is becoming more and more intertwined with everything that we, as consumers, do in our daily lives. Think about it. Amazon now has a way to let their delivery drivers let themselves into your house. Let’s not even get started on the fact that there is now a way to unlock your phone simply by using your face. And, by all accounts, the technology trends are here to stay, in 2018 and even beyond. With profits…

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Technology 

Amazon Isn’t Just Online: 3 Ways It’s Impacting Physical CRE

It’s no secret that Amazon is the world’s largest online retailer. And, as such, the online behemoth has significantly and forever impacted the ways that we, as consumers, buy and sell goods throughout the United States. Their massive success has driven many retailers into a panicked frenzy, trying to come up with some way to keep up with or even compete with Amazon. However, most retailers have resorted to adopting a similar (if not smaller scale) eCommerce model. In fact, the online retailer is so ubiquitous that this shift in…

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Technology 

3 Ways Uber’s Potential IPO Could Impact CRE

In February, reports from CNBC surfaced that Uber was making moves to prepare for an IPO next year. Lyft, Uber’s main competitor in the U.S. is also laying the groundwork necessary for going public attracting $1 billion from Google’s parent company. At first blush, this news may not seem relevant to CRE, but its impact could be felt in three important ways. #1: Force Public Rideshare into Wider Use Already, consumers living in closer quarters than in previous decades are demanding more walkable spaces. Instead of owning cars, they are taking advantage of…

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Technology 

Blockchain, Smart Contracts, and Commercial Real Estate

Luke Feldman and Christian Harden, two advisors with NAI Hallmark in Jacksonville, Florida put together this article about Blockchain and commercial real estate.  This is a complicated topic, but we think they did a great job laying it out and we wanted to share it with you. For most people, 2017 was the year they heard about bitcoin and learned enough about the cryptocurrency to forget within 24 hours. We’ve all had that friend claiming to be a brilliant investor because they bought $50 worth of litecoin and ethereum before prices…

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Monday's With Martens Technology 

Monday’s with Martens 1.29.18

Previously, we shared some of the big picture drivers for CRE in 2018. In this, and future articles, we’ll look at trends specifically related to the primary market sectors. This week we’ll look at retail and the shopping experience. It has undergone massive changes over the past two decades, especially as e-commerce has won over consumers and smartphones have become the must-have accessory. These days, retailers work around the clock to navigate a digital world that continues to evolve at a dizzying pace, while tech-savvy consumers have increased their demands…

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