IDEAS home Printed from https://ideas.repec.org/a/aza/crej00/y2022v12i1p6-16.html
   My bibliography  Save this article

Unlocking the next wave of value in corporate real estate

Author

Listed:
  • Morphakis, Harry

    (Accenture, UK)

  • Przytula, Michael

    (Managing Director and Global Lead, Accenture, USA)

Abstract

As real estate providers seek to recover from the COVID-19 pandemic’s impact on their tenants’ businesses — and, by association, their own — a serious question has to be asked: to drive the next wave of value, will the new normal require a change in the landlord–tenant relationship? This paper argues that the answer is yes. It requires a change from the legacy real estate mindset of cost control and reducing expenditure per square foot, to one of increasing value per square foot. Landlords can make use of a number of critical technologies to pave the way to this next wave of value creation across their portfolios: the Internet of Things (IoT), 5G and digital tenant services. This paper explores the use of these technologies, their benefits, what is required to precipitate a change in the relationship with tenants and how this will shape future operating models.

Suggested Citation

  • Morphakis, Harry & Przytula, Michael, 2022. "Unlocking the next wave of value in corporate real estate," Corporate Real Estate Journal, Henry Stewart Publications, vol. 12(1), pages 6-16, September.
    • Handle: RePEc:aza:crej00:y:2022:v:12:i:1:p:6-16
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/7214/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/7214/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    IoT; 5G; smart buildings; digital tenant;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:crej00:y:2022:v:12:i:1:p:6-16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.