3 Biggest Tech Trends Transforming Real Estate

1. RADICAL MOBILITY

CBRE SVP of global innovation and business intelligence Elie Finegold tells Bisnow people already have begun to do the types of work in the places where they can be most productive at both their jobs and lives. You may not collaborate as well over video conference as you do in person, but it is a significant improvement over fax machines. Elie says if you conduct a survey and ask people if they've worked in a living room, a bedroom, a plane, an office, an elevator, somebody else’s house—even a bathroom—people across the board will answer "yes." Though working face-to-face with others will likely never become obsolete, companies are going to be looking for much more adaptable real estate frameworks as a way of managing both flexibility in the workforce and the diversity of working habits.

2. COLLABORATIVE ECONOMY

Elie says as people increasingly choose to share and crowdsource goods, services, funding and transportation, the real estate market must adapt to new ways of distributing demands. The demand for co-working spaces could outweigh the need for traditional office space, according to CB's blueprint online magazine.

3. TRANSPORTATION REVOLUTION

In a similar fashion to collaborative office space, the sharing economy has had significant impact on transportation, where companies like Uber have changed the way we work, and allow people and goods to move around more freely. Elie says it may also ultimately change infrastructure needs, even creating huge opportunities for redevelopment of spaces previously used for cars, from streetside parking spots to multilevel parking decks.