Traditionally, the decision making in commercial real estate leasing has been based upon intuition, and retrospective data. But most of such decisions have been sub-optimal and have shown human bias. Today, a host of new variables make it possible to paint more complete pictures of a location’s future potential and risks. Additionally, the specific data-points also help to make critical leasing decisions by identifying the best-fit tenants through data analytics.
Technology, in today’s world, is spreading its wings like no other in the history of Humankind. No wonder real estate is taking all the possible benefits and the buyers are much more informed than ever. The traditional real state is the thing of the past and as the world has changed upside down during the covid so has the real estate with the help of technology.