Emerging technologies including blockchain, cryptocurrency and artificial intelligence are believed to change the real estate development process from design, construction and maintenance and all these will help re-define the functional aspects of in various real estate sectors – be it retail or logistics and so on.
From an office perspective, employees are more mobile now due to the ever-advancing technological connections. More businesses can operate anywhere, thus posing a challenge to commercial real estate in traditional urban locations.
New technologies are expected to play a significant role to maintain a sustainable environment where we live and communicate as our knowledge-based economy continues to evolve.
We are here to provide you the key pointers to the application of technology in real estate.
Deep learning model
Traditional DCF models will be challenged. “Machine learning models determine value by comparing attributes of properties transacted in the past, and market conditions at the time of those transactions, to the attributes and timing of the target. ” – blog.realestate.cornell.edu