Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.
Augmented Reality and Artificial Intelligence (AR and AI) may still be far from standard in CRE, but it’s only a matter of time. High end firms have already been using these tech tools on a grand scale. Research by Goldman Sachs estimates that by 2025, virtual reality (VR) technology alone will generate over $2.5 billion in revenue. Change is happening now and could hit sooner than many of us believe, leaving some CRE pros behind and pushing others to the forefront.
Investing in real estate can be a way to earn passive income and increase your wealth. While plenty of investors have success in residential real estate, others make a move to commercial real estate to gain even more money.
With new stadiums being built across the United States, now’s certainly an exciting time to be a sports fan. Over the years, the nature of new stadiums has changed. Some are committed to sustainability and going green, whereas others are aiming to provide an all-around entertainment experience.
With the internet becoming a part of almost everyone’s daily lives and getting the world more connected than ever, it has quickly become a great resource to help develop the sharing economy and facilitate that sharing to occur. If you are not familiar with the sharing economy, it is the idea that something you own is shared with another individual or that you share something that another individual owns.