Commercial real estate gets technical

The commercial real estate sector will see changes from emerging technologies, according to a report from Colliers International.

The firm said that various shifts in technology will mean that companies will require different solutions for their commercial space. Retailers, for example, will increasingly use 3D printing to create products, reducing the need for large stock storage facilities.

However, this could cause location issues for such businesses as 3D printing is classed as light manufacturing and would need to be located in an area zoned for that purpose. It could mean that retailers will shift from traditional space or that they would require two premises.

Two other emerging technologies that are of particular interest to the real estate industry include drones and virtual reality.

Unmanned aircraft (drones) allow commercial agents to survey and offer remote viewings at a far lower cost than using a helicopter and camera operator. Colliers expects drone-captured videos to become the standard for property overviews within months.

Virtual tours will also begin to become widespread with benefits of time-saving.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Herring Cove, Smoky Lake County, Harpurhey, Boswell, Hiawatha


Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?