In today’s Property Week, Director Barry Jessup looks into the future and asks how ‘big tech’ could transform the UK real estate sector.
He argues that property is ripe for external revolution, with the world’s largest tech companies likely to be the ones to find answers to the numerous ‘market inefficiencies’
Moreover, as tech companies shift gear and aim to demonstrate their social value, they have much to gain from finding new ways to create mixed and sustainable communities, embed tech in the physical landscape and utilise underused space.
WeWork has already reinvented the landlord-tenant relationship, and Amazon have turned the tables on the real estate industry, and government policy, by asking cities to bid to host their new headquarters.
The new wave of innovation in property is likely to be too big to ignore.