Automation Is Coming for Commercial Real Estate

Much has been written about the impact automation will have on the global workforce, with manufacturing and related occupations expected to be heavily affected. More recent studies, such as one from Brookings Institution that came out last year, suggest that higher-wage occupations will feel the impact as well. That includes commercial real estate. Indeed, CRE will poised to receive a double-whammy from automation, with the technology reducing the need for space across several industries as well as remaking its own internal processes. This is one of the findings from Avison Young’s newly-released global 2020 Forecast, which covers ten trends to know for 2020.