Search
 

No Borders

Global headlines reported over the weekend that Borders books readies to file for bankruptcy protection as it flounders in a sea of hard covers and paperbacks, while people snuggle up in an easy chair by a cozy fire with Kindles, Nooks and iPads. I still love browsing in a crusty bookstore, but, alas, I now have 18 books loaded on my iPad, and frankly wonder if I'll ever buy another hardcover. Amazingly, Amazon reported a week or two ago that digital book purchases outpaced the paper stuff. This is just more tangible evidence that the digital revolution is a game changer for real estate, yet few are adapting. Savvy real estate execs will focus on the evaporation of retail and office occupancy as digits replace the need for square feet. If I were the CEO of a significant real estate enterprise, I would launch a search, tomorrow, for a Chief Digital Officer. No kidding.

By Tony LoPinto | Updated on February 15, 2011

No Borders Global headlines reported over the weekend that Borders books readies to file for bankruptcy protection as it flounders in a sea of hard covers and paperbacks, while people snuggle up in an easy chair by a cozy fire with Kindles, Nooks and iPads. I still love browsing in a crusty bookstore, but, alas, I now have 18 books loaded on my iPad, and frankly wonder if I’ll ever buy another hardcover. Amazingly, Amazon reported a week or two ago that digital book purchases outpaced the paper stuff. This is just more tangible evidence that the digital revolution is a game changer for real estate, yet few are adapting. Savvy real estate execs will focus on the evaporation of retail and office occupancy as digits replace the need for square feet. If I were the CEO of a significant real estate enterprise, I would launch a search, tomorrow, for a Chief Digital Officer. No kidding.

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?

NOT FOR REPRINT

© 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.

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 © 2024 ALM Global, LLC. All Rights Reserved.