"We couldn't have a show like this 18 months or even one year ago," he says. "There are two revelations that have emerged this morning. First is that after five years we still cannot see the full impact the Internet will have on commercial real estate."
"The second is that specialization will become more of a business model," the San Francisco-based Pike continues. "There are those companies that have died, but there are those as well that are newly formed or who have reengineered their business models. Those business models are more solid and typically, rather than attempting to be all things to all people, they are based in specialization."
Pike chose not to go on record with company names, but he predicts that next year's exhibitors will reflect this shift in even greater numbers. PikeNet continues through tomorrow afternoon.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
