CXRE » Technology

Technology in CRE Series: “Smart” Commercial Real Estate

It’s hard to believe that just a decade ago, commercial real estate looked entirely different than it does today. Real estate purchases often meant flying across the country, a briefcase in hand, to discuss purchasing options and negotiations. Property management meant on-site employees were working around the clock to keep building systems operational. Then, smart commercial real estate entered the scene. Technology has infiltrated nearly every part of the CRE buying, selling, and management process.  It’s no secret that CRE is slower to change than other industries. But smart commercial real estate innovations have finally entered our industry, and there’s no looking back now. These technological advances are making life easier for investors, owners, and property managers.  Here, we’re laying out some of the smart commercial real estate technology that is revolutionizing the market. You’ll learn common smart tech phrases and learn how integrating them into your business can help you streamline every part of […]

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Technology in CRE Series: Property Values in Relation to Tech Innovations

Technology is changing the way the world does business, and commercial real estate is no exception. Property managers, investors, and tenants are all focusing on how real estate technology can make their lives easier. Artificial intelligence, smart tech, machine learning, and other technologies are making CRE more profitable than ever for today’s real estate professionals. Types of Commercial Real Estate Technology Real estate property technology, often called “PropTech,” is challenging traditional methods for acquiring, leasing, and managing commercial real estate across America. Technology infiltrates nearly every part of CRE, giving investors, property managers, and tenants fast, easy access to a multitude of tools. There are many ways CRE professionals use technology effectively. From property acquisition to tenant communication, real estate technology is transforming the commercial real estate landscape. Data Analysis Tools Investors love data; it’s at the heart of CRE. In the past, investors would pour over data, spending weeks analyzing each area, searching for […]

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Technology in CRE: Artificial Intelligence

For commercial real estate investors, particularly those investing in Class A properties, analyzing and forecasting future successes or risks used to be dependent on human assessment. However, in recent years, real estate technology has made commercial investing more reliable and less risky. Today, investors use a combination of human evaluation and artificial intelligence to forecast profitable zones and identify lucrative properties. Artificial intelligence (AI) and machine learning (ML) are painting a more accurate picture of the real estate forecast for the next five, ten, or even twenty years.  Real estate technology and artificial intelligence are overtaking human data analysis as the best source of information. Here, we’re examining several ways AI can help you make the most of your commercial real estate investments and protect your portfolio. The Rise of Real Estate Technology: What is Artificial Intelligence? Though it might sound like something straight out of a science-fiction novel, artificial intelligence impacts many facets of […]

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5 Things You Need to Know Before Buying a Texas Storage Unit Development

In 1964, Russ Williams and his stepson Bob Munn built the first self-storage facility with garage-style doors in Odessa, Texas. Over the years, self-storage facilities have cropped up all over the nation. Currently, self-storage is a multi-billion dollar industry, bringing in $38 billion in annual revenue. Almost 10 percent of all American households rents a self-storage unit and spends an average of $91 a month on their rent. In the United States, there is 2.3 billion square feet total of rentable self-storage space in about 50,000 storage facilities. To put that number in perspective, self-storage developments outnumber both McDonald’s restaurants (over 14,000) and Starbucks locations (around 12,000) in the US. These commercial real estate developments can be money-making properties. Or they can be money pits. To help you make a wise choice when purchasing a self-storage development in Texas, here are some things you need to know: Adequate Population and Income to Support the Facility […]

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How to take back a nasty email

If you’ve ever wanted to know how to properly dodge a bullet or wrestle free from an alligator then you could do a lot worse than pick up an instant classic, The Worst-Case Scenario Survival Handbook. Through a mix of diagrams and real tips sourced by Navy SEALS, stuntmen, and other authorities, the book manages to be straightforward while talking you though some unlikely and absurd situations, and that’s what makes it funny. Decidedly unfunny, however, is that moment when you realize that you just sent an angry email in haste or have sent a message to the wrong person.  If you’ve ever found yourself in this situation, you know that nothing quite matches the chill and the horror that comes over you, making you wish you could instead wrestle an alligator or dodge that bullet. Speaking of dodging a bullet, the Worst-Case book has spawned sequels as well as a highly entertaining Worst-Case Scenarios […]

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