Living in a world where technology impacts every facet of our lives, it’s not surprising to find that it is making its way into the staid world called commercial real estate (CRE). Here are three ways technology is making inroads into CRE.
First is the announcement of Amazon Go stores, and the use of sensors generally in retail. From a smaller overall footprint (around 1800 sf) to a complete lack of cashiers, these stores are a totally new concept. RealNex notes that this:
…does away with the entire physical checkout process. Through a series of sensors, the store knows what is placed in a customer’s cart (and what has been removed), and then automatically charges the user’s Amazon account as they walk out the door.
And it’s not just the shopper that benefits, they point out. Amazon gets:
…massive amounts of data that the sensors will gather means even more targeted marketing, inventory, and most probably – an added increase in online sales.
RealNex also points to the massive distribution networks being set up to support online sales, saying:
…establishment of large distribution networks with buildings in multiple regions will produce shorter shipping times from warehouse to doorstep.
Last, but surely not least, is the emrgence of mobile ordering, with RealNex noting that “some retailers, including CVS, are rolling out mobile apps that facilitate online orders that are then made available for curbside pick up.”
Read the entire post at: http://blog.realnex.com/3-big-tech-trends-and-how-they-impact-cre
René Nelson and the team at Pacwest Commercial Real Estate specializes in all types of commercial and investment property. Get started by calling René at (541) 912-6583 to discuss your investment goals and to help you decide if now is the time to make a change!