Global real estate players are paying more and more attention to tech these days. Sometimes building it from scratch can be too much of a left field, "non core" diversion. How many of us have wasted time on the start up that never happened? All those millions....
CBRE have taken the brave move and spent money to acquire new tech and get a march on their competition. This could mark a sea change in how real estate professionals view technology. An investment, not just a cost. The forecasts for Floored underpin a sound financial investment. I believe we will see more of these deals happening as technology becomes more central to professional services offer. Well done CBRE - let's follow their lead.
Floored, which Eisenberg launched in 2012 with partners Dustin Byrne and Judy He (who are now vice presidents at CBRE), develops interactive, three-dimensional mapping technology enabling real estate users to preview and plan commercial property layouts. CBRE brokers now use Floored’s products to help clients who are looking for new office space virtually “walk” through a potential location they are vetting; those clients who are retrofitting or renovating an existing space can use the technology to shape and preview what the changes will look like. The technology is meant to save the brokerage’s clients up to hundreds of thousands of dollars in architectural costs and countless hours they would normally spend physically touring spaces.
https://commercialobserver.com/2017/04/a-look-inside-cbres-tech-revolution-led-by-david-eisenberg/
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