CHICAGO—To use a totally in-the-box phrase, this isn't your father's real estate industry. That was made clear once again in this video interview with Steve Weikal of MIT's Center for Real Estate. Lightning changes in communication, redefinitions of what's proprietary and what's a commodity, even the very nature of the properties themselves are all throwing traditional assumptions into a cocked hat.
In this exclusive video interview from the SIOR Fall World Conference, Weikal discusses the disruptions—to use his phrase—that face all practitioners.
In a wide-ranging conversation, you'll hear the latest thinking on:
- How that disruption is making itself known in both the facilities we market and the processes we use;
- Broker disintermediation, obsolescence and extinction; and
- The difference between submarkets and innovation clusters.
© 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.
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.
