Altus Group CRE Innovation Report

Altus Group
CRE Innovation Report

The latest CRE Innovation Report explores the turning points that have emerged in how CRE companies view technology and approach technology investment, adoption and use, while also highlighting the gaps and opportunities related to changing technology and market trends.

Key questions posed in this report:

Has the basic technology infrastructure used by the CRE industry evolved?
Where and how are new technologies affecting CRE processes?
Which emerging technologies areas do CRE executives believe will have the most impact on the industry and where are they making investments?
How is disintermediation affecting the industry?
What's coming next and is the industry prepared?

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Key Findings

While a majority of CRE firms have now invested in integrated CRE software solutions many are still using spreadsheets for critical CRE functions which is creating more data silos.

Driving efficiency through automation is a key priority for CRE executives, and the use of AI and machine learning is approaching a critical mass.

The rise of disintermediating technology platforms and solutions is having a major impact on the CRE industry.

CRE executives are uncertain on the potential role and impact of blockchain and smart cities as the next disruptive forces.

CRE firms are becoming PropTech investors themselves and many are engaged in PropTech development directly.

The innovation opportunity in commercial real estateA SHIFT IN PROPTECH ADOPTION AND INVESTMENT