Real Estate Problems
Real estate industry problems.
Western living standards that drive beliefs on what it means to achieve success.
Questions
How will tech innovation impact the real estate industry?
- Due Diligence Checklist
- What is the future of shared living spaces?
- What will happen to empty commercial real estate?
Office Space Demand
Post covid work practices means organisations do not require office space, creating a need to reinvent the work space.
danger
People won't return to 9 to 5 in offices - Charlie Munger
Space as a Service:
- What business case? What services?
- How to brand serviced housing communities or office concepts?
- How did you go about the task of creating the housing/office, the community and now also the digital layer to support it and associated services?
- What challenges to developing services that are not off-the-shelf?
- What challenges with running operations for service
Unaffordable Housing
Too hard for younger generations to get onto the property ladder.
Technology Issues
Property companies must innovate and adapt to changing customer needs and preferences in order to stay competitive. The biggest challenge is data privacy and security, as more sensitive information is shared online.
- Data Security Concerns: The real estate industry faces challenges in ensuring data security during the migration to modern digital systems.
- Cybersecurity Risks: The adoption of digital technologies exposes the industry to risks of cyber breaches, affecting finances and reputation.
- Loss of Face-to-Face Interactions: The move to digital can lead to a loss of human connection, which is often crucial in real estate transactions.
- Employee Buy-In: Resistance to change among employees and partners can make technology adoption challenging.
- Time Constraints: Learning and adapting to new technologies requires a time investment that may be a deterrent.
- Integration Issues: New technologies should not only solve problems but also integrate smoothly into existing workflows and data architectures.
- Lack of Understanding of New Innovations: Traditional institutions may be slow to understand and adopt new technologies.
- Irrelevant Content: There's a temptation to post irrelevant content when using platforms like LinkedIn for real estate marketing.
- Educational Gaps: Variability in technology aptitude among team members can make adoption uneven.
- Remote vs. In-Person Work: Managing a hybrid team that is partially remote and partially in-person presents unique challenges.
- Inconsistent Use of Technologies: There is a risk of adopting technologies but not committing to their consistent use.
- Reluctance to Learn: There's a general reluctance to abandon old systems in favor of new, more efficient technologies.
- Regulation: Impact of new regulations and policies on the industry
- Tech Architecture: Interoperability and standardization.