A recent report reveals 83% of technology experts believe they should play a key role in how the built environment operates.
The report ‘Future proof real estate: is the property sector ready for the 2020’s’ conducted by Osborne Clarke and FTI consulting researched 500 technology experts for the report which focuses emerging tech trends.
The most significant advice from the report looks at the need for property companies to be ready and ‘act quickly’ with tech trends for wide-scale adoption by 2021.
Savannah de Savary, from ‘Built-ID,’ the digital platform for those who want to discover who and what the best agents of change in the built environment explains:
“The single, greatest impact that technology giants such as Apple, Google and Facebook are having on the built environment – both in terms of how they are shaping their workspace and local communities and their recent move into creating digital cities – is that property companies are realising that they need to up their game.”
De Savary raises the “Amazon effect” on Seattle as a prime example. The tech company’s headquarters which operations in Seattle have been credited with adding $38 billion to the city’s economy, with a commensurate impact on real estate values and employment
In the UK, she sees brands such as Google at King’s Cross, Snap at Fitzrovia and Twitter in Soho as perpetrators of “real estate ripple effect.”
“Landlords are bending over backwards to woo tech companies and moreover, looking for ways to replicate their approach to real estate. They have observed how these companies approach workspace design and spread their influence into place making, using music, art and culture to attract the best and create destinations.”
De Savary also believes that tech companies are influencing building design and sustainability Her reference point on this is Bloomberg’s new European HQ in London has just been voted the world’s most sustainable office building with a plethora of innovative operational, power, lighting, water and ventilation systems.
“Founder Michael Bloomberg was very much the visionary for this, working in partnership with architect Norman Foster, and the result is a shining beacon for other companies and city planners to try and emulate.”
De Savary hopes that the symbiotic relationship between the worlds of technology and property continues to flourish.
“Technology is now shaping every aspect of our world for the better, and the same applies to the built environment!”
PropTech UK – UKPA represents and assists companies and individuals who are active in the UK’s PropTech sector, promoting engagement between technology business and the property industry.
To read and download the full report, click here.