Survey reveals extent of technology revolutionizing real estate

Technology is the fundamental driver as a transformative effect throughout the real estate lifecycle and the sector’s response to ESG, according to the findings by international law firm CMS's most recent report, “Real Estate Rebound — A Tech-Accelerated Recovery," which offers the latest perspective on the outlook for the real estate market from more than 200 real estate industry leaders, occupiers and investors controlling assets of around £500 billion (€584 billion/$689 billion).

After much speculation, it is now clear COVID-19 has accelerated the adoption of technology by four years (on average). Artificial intelligence and machine learning, 5G, and robotics and IoT (Internet of Things) are considered among the innovative technologies having the most impact on real estate

Technology is at the heart of the industry’s conversion to committing to tackling climate change, and the mean year for when companies expect to achieve net zero emissions is 2035.