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How Technology Is Affecting the Commercial Real Estate Industry
Commercial real estate is one of the busiest industries in the country today. Part of its growth and profitability has been the direct result of the development and implementation of technology. Whether you are a proponent or not, technology is constantly advancing, forcing all of us to conform in some manner. While younger agents are typically more eager to adopt new technology, the older generations tend to oppose the process of technological evolution. Just about every industry is going through changes due to the advancements in technology and commercial real estate is no different. Almost every part of the business is affected by new technology; from the beginning of property search to signing a lease or escrow documents. For the commercial real estate companies and agents that embrace this technology, it is helping them become more profitable and successful. Here are some ways that technology is impacting the commercial real estate industry.
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