"This evolutionary change is due to a series of sustained transition waves, which are driven by—and enabled by—a powerful global revolution in information technology," he said in the education session titled "Seven Transition Waves Impacting the Real Estate Industry," adding that these waves are major forces that are now, or will be soon impacting the development industry over this decade.
The transition waves he spoke of include demographic shifts, business consolidation pressures, capital market transformations, influence of emerging technologies, globalization, suburban/urban conflicts and city revitalization strategies.
"As we progress, we have begun to recognize that 'bigger' is a market reality—but that 'smaller' may well mean swifter and more resourceful," he noted. "Strategic alliances will evolve between large corporate real estate companies, and smaller, more resourceful and opportunistic enterprises."
Buckley noted that threats due to business consolidation, shifting demographics and workplace strategies will become opportunities for the alert and organized. "Cities, which truly understand the forces of suburbanization and corporate mobility, can counter with unique urban experiences and hold their market share," he said. "With the dramatic changes in computer speeds, memory and visualization—with ever newer user-friendly applications—technologies will surely equally 'enable' both large and small firms."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
