{"id":38342,"date":"2021-10-27T17:03:49","date_gmt":"2021-10-27T09:03:49","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=38342"},"modified":"2026-01-09T16:12:08","modified_gmt":"2026-01-09T08:12:08","slug":"how-proptech-impacts-commercial-real-estate","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/how-proptech-impacts-commercial-real-estate\/","title":{"rendered":"How PropTech Impacts Commercial Real Estate [2021]"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>Now, more than ever, technology is changing the real estate ecosystem. <a href=\"https:\/\/iqiglobal.com\/blog\/3-effects-of-proptech-on-real-estate-negotiators-and-agents\/\">We&rsquo;ve previously explored how PropTech affects Agents and Negotiators<\/a>, but today we&rsquo;re going to see how PropTech impacts Commercial Real Estate as a whole.<\/p>\n<p>Technology is consistently evolving and improving out work management. As of now, PropTech is changing the way leading real estate firms are managing their properties.<\/p>\n<p>Here are certain factors that showcase how PropTech impacts Commercial Real Estate!<\/p>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\">\n<h2><span style=\"font-size: 18pt;\">1. <a href=\"#tech1\">Cut Costs and Preserves Energy&nbsp;<\/a><\/span><\/h2>\n<h2><span style=\"font-size: 18pt;\">2. <a href=\"#tech2\">Technologically Innovative Workplaces&nbsp;<\/a><\/span><\/h2>\n<h2><span style=\"font-size: 18pt;\">3. <a href=\"#tech3\">Improved Data Management&nbsp;<\/a><\/span><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2>1. <a id=\"tech1\"><\/a>Cut Costs and Preserves Energy<\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-38395 size-large\" src=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2021\/10\/shutterstock_301748183-1024x683.jpg\" alt=\"Proptech impacts commercial real estate\" width=\"1024\" height=\"683\"><\/p>\n<p>PropTech impacts commercial real estate by offering sustainable solutions. For example, working in the office comes with its share of challenges. Energy<a href=\"https:\/\/www.twinview.com\/insights\/how-proptech-solutions-can-reduce-costs\" target=\"_blank\" rel=\"nofollow noreferrer noopener\"><span data-preserver-spaces=\"true\">&nbsp;consumption in office buildings makes for roughly 40% of the global energy consumption<\/span><\/a><span data-preserver-spaces=\"true\">.&nbsp;<\/span><\/p>\n<p>As such, PropTech can enable companies to optimise energy more efficiently by developing an environment that minimises energy consumption while simultaneously cutting costs. PropTech is instrumental in the development of&nbsp;<a href=\"https:\/\/www.worldgbc.org\/what-green-building\" target=\"_blank\" rel=\"nofollow noreferrer noopener\">&lsquo;Green Buildings&rsquo;<\/a>, which minimise energy usage and decreases overall costs.&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2>2. <a id=\"tech2\"><\/a>Technologically Innovative Workplaces<\/h2>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-38394\" src=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2021\/10\/shutterstock_1259412769-1024x585.jpg\" alt=\"\" width=\"1024\" height=\"585\"><\/p>\n<p>The next generation of professionals will inherently be digital natives. As such, they prefer and require a more technology-enhanced environment when carrying out their tasks. This means that they value balance, comfort, convenience and a sense of community above all else.<\/p>\n<p>With PropTech, landlords can offer a more modern take on the average workspace that is aligned with the cultural and practical changes of the changing times.&nbsp;<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/forbesrealestatecouncil\/2021\/08\/17\/how-proptech-can-modernize-office-buildings-for-the-future-of-work\/?sh=5c770d6c5793\">Some of the features that smart offices offer<\/a> are:<\/p>\n<ul>\n<li><strong>Automated building access for tenants&nbsp;<\/strong><\/li>\n<li><strong>Cloud-based security system&nbsp;<\/strong><\/li>\n<li><strong>Layout optimisation for distant collaboration (due to the pandemic)&nbsp;<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>3. <a id=\"tech3\"><\/a>Improved Data Management<\/h2>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-38393\" src=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2021\/10\/shutterstock_1874749972-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\"><\/p>\n<p><span data-preserver-spaces=\"true\">A lot of data in the real estate industry is harnessed to understand its value. Now, with the revolution of PropTech, that data is starting to depict a striking difference.&nbsp;<\/span><a href=\"https:\/\/www.reit.com\/news\/reit-magazine\/march-april-2020\/how-proptech-impacting-commercial-real-estate\" target=\"_blank\" rel=\"nofollow noreferrer noopener\"><span data-preserver-spaces=\"true\">Experts say<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;that the practical applications and opportunities for PropTech are as vast as the real estate industry itself, and things are only just getting started.<\/span><\/p>\n<p><a href=\"https:\/\/www.pwc.com\/us\/en\/industries\/financial-services\/research-institute\/blog\/proptech-for-commercial-property-firms.html\">Managers and executives working in real estate can efficiently create nuanced and timely reports<\/a> while sharing them on a singular management system. Top executives can shed light on their best and worst-performing properties by fully optimising their accumulated data. This way, they can compare holdings, highlight costs and cross-identify trends according to separate regions. <\/p>\n<p>By honing these data, leaders can make smarter decisions in property management and investment.<\/p>\n<hr>\n<p><strong><span style=\"color: #ff6600;\">Commercial real estate is a market that never sleeps, even more so now with the rapid advancements of technology. It&rsquo;s not slowing down, just waiting for you!&nbsp;<\/span><\/strong><\/p>\n<p><strong><span style=\"color: #ff6600;\">Fill in the form below and IQI will help you with all your commercial real estate investment needs!&nbsp;<\/span><\/strong><\/p>\n\n\t\t\t\t\t\t<script>\n\t\t\t\t\t\t\twindow.hsFormsOnReady = window.hsFormsOnReady || [];\n\t\t\t\t\t\t\twindow.hsFormsOnReady.push(()=>{\n\t\t\t\t\t\t\t\thbspt.forms.create({\n\t\t\t\t\t\t\t\t\tportalId: 5699703,\n\t\t\t\t\t\t\t\t\tformId: \"85ebae59-f425-419b-a59d-3531ad1df948\",\n\t\t\t\t\t\t\t\t\ttarget: \"#hbspt-form-1776775540000-0368413937\",\n\t\t\t\t\t\t\t\t\tregion: \"na1\",\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t})});\n\t\t\t\t\t\t<\/script>\n\t\t\t\t\t\t<div class=\"hbspt-form\" id=\"hbspt-form-1776775540000-0368413937\"><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>Now, more than ever, technology is changing the real estate ecosystem. We&rsquo;ve previously explored how PropTech affects Agents and Negotiators, but today we&rsquo;re going to see how PropTech impacts Commercial Real Estate as a whole. Technology is consistently evolving and improving out work management. As of now, PropTech is changing the way leading real estate&hellip;<\/p>\n","protected":false},"author":92,"featured_media":38397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[65,222],"tags":[1007,1086,250],"class_list":["post-38342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyles","category-market-insights","tag-commercial-real-estate","tag-proptech","tag-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.1 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How PropTech Impacts Commercial Real Estate [2021] - IQI Blog<\/title>\n<meta name=\"description\" content=\"From smart offices to data management systems, PropTech impacts commercial real estate in an array of ways. 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