Real Estate Weekly recently published an article by Construction partner Laurie Stanziale titled, "Top Tech Trends to Watch in the Real Estate Industry.” The article explores how tech-driven start-ups are changing how residential and commercial real estate – from short-term rentals, to leasing and property management, to the construction and sales of properties – is being marketed, sold and managed. She also discusses how venture capital investors and the Millennial population are accelerating the development of tech-related technology in New York City real estate.
Laurie says, "Technology is impacting all aspects of real estate and construction. The due diligence process of identifying and qualifying risks, such as validating insurance and reviewing property information, can be streamlined. Real estate professionals can shift their focus from giving process-oriented advice to more value-add advice.”
Laurie goes on to explore the potential implications on real estate and construction of such tech trends as the Internet of Things, augmented reality, virtual reality, artificial intelligence and the use of drones. She says, "these revolutionary technologies present exciting opportunities for the real estate and construction industries. While they are by nature disruptive, and will cause many people’s roles to evolve, they represent a new era, one in which we can only begin to imagine what’s next.”
Read the full article here.
|Stanziale, Laurie A. Partner||Partner||212.216.1175|