EY cites AI as top trend in shaping CRE investment in 2024
In what is becoming a familiar story, AI is one of the top trends that will impact real estate funds in the coming year, according to EY. What might the impacts of this rapidly growing technology be? The possibilities run the gamut of CRE functions like these: AI capabilities are coming soon to Pereview, joining […]
AI and automation power competitive edge for commercial real estate investors
Commercial real estate investment firms are looking to AI and automation for a competitive edge to power differentiation in 2024, according to PERE. “Modeling and predictive analytics powered by AI use advanced algorithms to analyze vast amounts of data, ranging from market trends to tenant preferences, to identify investment opportunities that optimize asset performance,” PERE […]
NAIOP says CRE optimism on the rise
After more than a year and a half, the NAIOP CRE Sentiment Index once again rose above 50% in the organization’s most recent survey. This increased sense of optimism indicates respondents expect improved conditions in the CRE space over the next 12 months, NAIOP says. Respondents indicated they have a positive outlook for every Index […]
Real Estate News and Innovation: Asset management firms to increase AI spending in the next year
With annual budget and business planning just around the corner, you’re no doubt facing new, rising, or unforeseen expenses. Many of these costs are expected, but there are some that may not be as apparent at first glance. For example, 75% of asset management firms are expected to increase their spending on AI in the […]
Real Estate News and Innovation: Modernizing Tech ‘Mission-Critical’ for Firms in 2024
The real estate investment management landscape is evolving rapidly, driven largely by technological advancements and shifting market dynamics. While the value of real estate continues to expand globally, traditional approaches to technology have largely remained stagnant. A recent survey by Deloitte reveals that 61% of global real estate owners and investors still rely on legacy […]
Real Estate News and Innovation: Industrial & multifamily lead 2024 investment opportunities
According to CBRE’s U.S. Real Estate Market Outlook 2024, this year promises ripe opportunities for savvy investors, with multifamily and industrial assets emerging as prime favorites. In the Capital Markets section of the report, CBRE says these property types boast robust fundamentals, including strong demand, low vacancy rates, and consistent rent growth, making them particularly […]