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For years the commercial real estate<\/a> market remained relatively unchanged when it came to technology, lagging behind the rest of the real estate industry during the Dot Com Boom and the more recent rise of automation and cloud-based technologies. But commercial real estate recovered following the recession and profits began to grow, attracting younger brokers with different needs than their predecessors.<\/p>\n\n Read more<\/strong>: Commercial: Catching Up With Technology<\/span><\/p>\n<\/blockquote>\n\n These shifts in the industry have led to a golden age of commercial real estate<\/a> technology, with entrepreneurs and technology leaders investing capital to push the sector into the 21st Century.<\/p>\n\n \u201cThis growing number of tech start-ups is creating new commercial real estate tools as solutions to the same old way of doing things,\u201d says Duke Long, Managing Partner, PUR VENTURES. Long is a thought leader with a growing online following who believe that disruption is now an industry-wide goal.<\/p>\n\n With that in mind, Long put together a \u201cTop Ten\u201d List of Commercial Real Estate Technology Companies to watch in 2017.<\/p>\n\n Here are the Top 5, along with Long\u2019s thoughts on each:<\/p>\n\n 1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 VTS: \u201cHigh quality, visual, actionable data gold\u201d.<\/p>\n\n 2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Opendoor: \u201cWhy not just look at how they do the entire transaction like a REIT<\/a> and follow the same model? Seems simple enough to me.\u201d<\/p>\n\n 3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cadre: \u201cThey raised $68 million from some of the smartest real estate and tech investors in the world and then hired talent so good CEOs of other companies flew in to try and keep them from jumping ship.\u201d<\/p>\n\n 4.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Ten-X: \u201cWhat is the big focus of Ten-X? Engage and develop relationships with brokers, because that\u2019s where the deals and transactions start.\u201d<\/p>\n\n 5.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WeWork: \u201c\u2018WeWork \u00a0is not a broker. WeWork is not a broker.\u2019 Repeat that to yourself every day. It may help calm your nerves.\u201d<\/p>\n\n View the full list here.<\/p>\n\n Source: \u201cMember Perspective: 10 Commercial Real Estate Technology Companies to Watch in 2017,\u201d Commercial Connections Magazine (Feb. 3, 2017)<\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n\n
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