January 16, 2024
This category is centered around the growing field of CRE tech or commercial real estate technology. CRE tech covers a wide range of technological solutions and innovations that are designed with commercial real estate professionals in mind. What are key aspects and examples of CRE tech?
Commercial real estate technology puts a strong focus on property management software. The applications are generally designed to streamline property management tasks such as lease administration, tracking maintenance issues, financial reporting and tenant communication.Â
CRE tech also leans nicely into other topics such as data analytics and market research. These tools are designed to provide real-time market data and analytics so that investors, developers and even brokers are able to make informed decisions about property investments and how they are affected by up to-the-minute market trends.Â
CRE tech is also stepping into the virtual and augmented reality arenas. This emerging platform now allows for fully rendered 3D property tours which are becoming very popular on CRE websites. CRE tech is now also being developed to accommodate blockchain which helps to streamline the buying, selling or leasing of commercial real estate properties.Â
These are just a few examples of how commercial real estate technology is coming into its own and helping the industry grow for buyers, sellers and tenants alike.Â