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Recent Survey on Tech Trends in Commercial Real Estate Yields Surprising Results

A recently conducted a survey at The News Funnel gauged the commercial real estate industry sentiment as it relates to technology trends. Some of the results were not so surprising, but one thing really stood out. The main takeaway from survey was how many exciting new websites are being launched on a regular basis creating a real tech revolution in the industry. Another things that was really surprising was the amount of respondents who said they are still getting the majority of their news and information from their desktop devices as opposed to mobile. It’s completely contrarian to what’s obviously happening in the tech sector in general as mobile is taking the tech world by storm. Old habits die hard, but if someone can get the industry to adopt to a mobile solution, they will have the field to themselves.

Here were the major findings of the survey:

Which data and information website is used the most by industry professionals?
CoStar was chosen by 60% of the survey followed by Real Capital Analytics and LoopNet in a virtual dead heat for second place.

Which new real estate tech site are you most impressed with?
A virtual tie between View The Space and OfficeSpace.comCompStak was selected as the third most impressive site. Other sites that were chosen were RetailMLS, 42Floors and TheCapRate.

Which aspect of the industry is experiencing the most exciting innovation?
More than half of the survey respondents selected “news”, followed by “marketing” and “space search”.

Which area is lagging the most in regards to tech innovation?
“Data analysis” was the answer most given followed by “marketing” and then “property management”.

When asked which sector of the industry is experiencing the most innovation residential or commercial?
Almost 70% of the survey said “commercial”.

Finally, and most surprising, What type of device you use to access real estate information?
83% said their desktop while only 17% said mobile.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

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