Mihir Shah discusses the tech transforming CRE with Washington Post Live
Commercial real estate (CRE) is experiencing a seismic shift, and intelligent real estate is playing a vital role. JLL Technologies Co-CEO Mihir Shah sat down with Fortune’s Leadership Editor Ruth Umoh on a recent episode of Washington Post Live to discuss how data and technology are driving better outcomes for the entire industry.
One of the biggest trends taking shape is the need for organizations to evolve to meet the demand of hybrid work. This is where real estate technology shines.
“In the last few years, we’ve seen prolific growth in the adoption of real estate technology,” said Shah. “Forrester did a survey last year of top CRE decision-makers, and 80% of them said that they were going to spend more on real estate technology.”
Real estate owners and tenants are adopting more technologies to make the transition to the hybrid workplace easier and more effective. To be successful, they need to address three things:
Enter intelligent real estate. It’s the dawn of a new era—and companies need to adopt it to be prepared for the future. It includes intelligent buildings, intelligent spaces, and intelligent advice.
- A modern operating platform that digitizes all the operations of the building
- A tenant experience app for things like access control and other building amenities
- Next-generation technology that helps save energy in your building
- Space utilization
- Comfort and energy efficiency
- AI technology to convert data into actionable insights
Together, this is the future of real estate, and it’s a great opportunity to make lasting change in the industry.
“As we like to say at JLL, it’s really about shaping the future of real estate for a better world,” added Shah.
Want to learn more? Watch the full interview.