Technology increasingly connects the digital and physical worlds. Billions of people now access products and services in a highly efficient manner. The growing pervasiveness of the internet and advanced industries presents both opportunities and challenges for commercial real estate (CRE) investors. Clarion Partners believes emerging technologies will create more disruption and rapid change over the next two decades.
New innovations will encompass virtually every aspect of our lives, including the way we reside, commute, work, shop, and manufacture. These changes will inevitably alter the way we use CRE, as well as overall demand and—we believe—lead to the highest and best use of properties.
Tim Wang and Julia Laumont from Legg Mason’s property affiliate, Clarion Partners.
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