In its latest Global Cities 2015 report, real estate firm Knight Frank has highlighted five technologies that will likely change the property sector. It is remarkable to think that just five years ago no one owned an iPad (launched in Apr 2010), illustrating how quickly new technology becomes taken for granted today. This is an example of a technological advance that has accelerated changes in how we work, shop and spend leisure time, with implications for commercial real estate. Some, who previously shopped regularly for books, CDs, DVDs, and video games, now access all these products through their tablet computer. This has contributed to a reshaping of retail property, and sparked a wave of office-based start-ups that produce apps. Similarly, the popularity of e-shopping has buoyed demand for warehouses. New technology undoubtedly impacts the property market, raising the question, where will change come from next.... Continue Reading