One of the most promising areas of future growth for the CRE industry is in the use of technology, specifically in data analytics. So says Joseph Ori, executive managing director of Paramount Capital Corp.
According to Ori, real estate data and analytics have been available for the last 20 years in the industry, however, advances in technology have now allowed for the growth of firms providing sophisticated data analytics that will make the acquisition, investment, appraisal and financing process in CRE, much more efficient and less costly.