CRE’s Future Is All About Disruption
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O’Brien sees “a number of dynamics” emerging.
NEW YORK CITY—For commercial real estate, the future is all about disruption. So says Deloitte in its 17th annual Commercial Real Estate Outlook, which cites trends in other industries that will transform CRE over the next decade.
“We are seeing the emergence of a number of dynamics that have great potential to fundamentally change the commercial real estate business over the next decade,” says Bob O’Brien, global and US leader of Deloitte’s real estate practice and a partner with Deloitte & Touche LLP. “Market disruptors in technology, ranging from the Internet of Things to artificial intelligence, have primed the sector for some of the most important shifts in its history.” Accordingly, he says, industry leaders need to think about “the longer-term strategic issues at play and how they can stay ahead of the impacts.”
Deloitte’s report highlights four predictions about the ways in which disruptors will shape the industry between now and 2025. These include:
