January 22, 2015
When asked about the important emerging technologies in the marketplace, Tom Fink replies, “I think we still have a long way to go before technology is really a factor in the commercial real estate market space. But, I think it’s still an exciting time…There is a lot of room to grow."
He comments that commercial real estate still really loves its paper and its spreadsheets, but there has been more of an initiative to put the information on the internet so people can have access to it. The broker community seems to be a very popular target audience but he is starting to see more and more technologies that are targeted to help people that rent a lot of space in the market.
So again, people are still trying to serve the broker community. That seems to be a very popular target. Though, we're starting to see more and more technologies that are really targeted to the tenants and the people that, you know, rent a lot of space in the market to help them do that. We're also beginning to see the emergence of crowdsourcing and internet raising of capital, so it's no longer but a big pitch book together. Go to one institution after another, talk to your friends and neighbors. It's put it up on the website and let people come in and take advantage of the crowdsourcing. So I think we still have a long way to go before technology is really a factor in the commercial real estate market space, but I think it's still an exciting time. I still think there's a lot of room to grow.
EISNERAMPER:Thank you very much for your insights and thought leadership.
Tom Fink: It was my pleasure. I've always liked working with you and the folks at EisnerAmper.
EISNERAMPER:Thank you so much. For more information, go to EisnerAmper.com.