Commercial real estate services firm examines
workplace evolution and its myriad impact on real estate
TORONTO, July 13, 2017 /PRNewswire/ - Although computer technology and robotics have been around for more than 60 years, their increasingly pervasive presence in the workplace is creating significant shifts in the way that mainstream work is getting done. Accordingly, these shifts are placing new demands on the space in which work is housed. As a result of the location implications of distributed networks and open-source platforms; and the need for increased power, resiliency and cybersecurity being placed upon offices, warehouses and shopping malls, the real estate of the future is evolving, too.
These are some of the key trends noted in Avison Young's white paper: "Architecture of the Fourth Industrial Revolution – Distributed Networks and Artificial Intelligence, Impacts and Opportunities for the Real Estate Sector", released today.
"E-commerce, fintech, co-working, big data, autonomous vehicles and blockchain technologies are distributed-network systems that logistically change where and how work gets done," comments Amy Erixon, Avison Young Principal and Managing Director, Investments, who authored the white paper. "These technologies, plus artificial intelligence, are the most important sea changes affecting investment and operational real estate decision-making today."
Erixon continues: "This white paper is intended to help institutional investors and their service providers gain a better grasp of the range and potential impact of these and other forthcoming technology innovations. This paper addresses what we can learn about rates of adoption from the historical trajectory of e-commerce, fintech and artificial intelligence, and provides insights into innovation versus disruptive change, automation and the future of work."
Designed to reduce anxiety about the pace of change and demystify the underlying trends, the white paper contains both a reference guide to the technologies for people who are less familiar with them, and a roadmap for moving forward with updates to occupancy and investment strategies. The paper discusses the promise and policy considerations around the workplace changes currently underway, and the potential for some of the technologies themselves, such as artificial intelligence and blockchain.
"We hope that this white paper will bring readers new insights and ideas for moving our business forward in this new digitized and dispersing world," adds Erixon, who is based in Toronto. "Implications for the existing building stock are vast. Companies and industries looking to leverage technological change will expect more from their facilities in the future."
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
For further information/comment/photos:
- Sherry Quan, Principal and Global Director of Communications & Media Relations, Avison Young: 604.647.5098; cell: 604.726.0959
- Amy Erixon, Principal and Managing Director, Investments, Avison Young: 416.673.4034
- Mark Rose, Chair and CEO, Avison Young: 416.673.4028
Avison Young was a winner of Canada's Best Managed Companies program in 2011 and requalified in 2017 to maintain its status as a Best Managed Gold Standard company.
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• Please click on link to view and download Avison Young's white paper: "Architecture of the Fourth Industrial Revolution: Distributed Networks and Artificial Intelligence – Impacts and Opportunities for the Real Estate Sector"
SOURCE Avison Young Commercial Real Estate (BC)