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CRE Technology is “Just Beginning”

NEW YORK CITY—Tools now available to commercial real estate brokers, property owners and—in some cases—tenants have advanced but much more is on the horizon, said a panel of industry experts.

By Rayna Katz | Updated on March 23, 2015

NEW YORK CITY—Much like the tools we use in everyday life, commercial real estate technology is evolving at a rapid clip. In a recent panel discussion among executives who work in the space, sponsored by PropertyShark.com, it was clear that we’re further along than some might think yet there are miles yet to go.

“Technology is here to stay in commercial real estate,” declared Andrew Flint, head of business development at VTS (ViewTheSpace). “For decades, the industry has relied on excel spread sheets and lagging indicators like comps in an attempt to make decisions about how to position buildings to meet tenant demand. VTS simplifies the process of collecting that information by allowing you to aggregate your own portfolio data so you can track and measure activity in real-time.”

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