Once considered an alternative investment, Commercial Real Estate’s (CRE) position as a fourth asset class is now established and well-recognized. And while it represents an appealing income and yield opportunity compared to other asset classes, the sheer volume of global capital targeting CRE investment is pushing up valuations and compressing yields.
Investors working in today’s on-demand culture and raised on a diet of instant access to information on their investments in bonds and equities, increasingly expect data visibility, accuracy and transparency in real time from their CRE investments. Technology is driving change in the industry to meet these expectations, with CRE leaders prioritizing technology and process improvement.
But…the big question is: Is the industry investing fast enough in IT innovation and data-specific CRE technology?
The Altus Group CRE Innovation Report, based on the global survey results, provide a unique look at adoption of data-driven CRE technology innovation and the risks of not innovating quickly enough.
This report addresses the following questions: