Powered by the success of Amazon Prime, e-commerce has become a convenient alternative to shopping at brick-and-mortar stores. The introduction of last-mile delivery centers, which promise customers same and next-day delivery, further impacted traditional retail in a way that was popularly (or not so popularly) described as the “retail apocalypse.”
For Commercial Real Estate, specifically, the success of the collaborative economy has helped create disruptions in the industry. Suddenly, developers aren’t doing things the way they used to. Instead, they’re looking at ways to integrate collaborative consumption, rather than work with it.
We’re currently in an era of technological innovation and disruption that’s forcing us all to adapt to a changing market. Here are some ways at the Internet of Things (IoT) devices are influencing CRE.