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Disruptive Innovations in Real Estate

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  • Viktor Franz Paul Weber

Abstract

This professional publication addresses disruptive trends in technology and innovation in the context of the real estate industry, covering 3D-printing, artificial intelligence, robotics, synthetic biology and sensor technology. Since the adaptation rate of innovations is comparably slow within all real estate sectors, it was deemed reasonable to analyse likely changes as well as opportunities, induced by the aforementioned technologies, for the real estate industry.Amongst those changes could be drastic shifts in the demand for office and special purpose real estate, a significant extension in property lifecycles, research and investment decision automation, diminishing costs for sustainable developments, job-redundancies and a significant acceleration of planning as well as development.A continued procrastination in the adaptation of various technologies is likely to lead proportionally to diminishing competitive advantages and changes of corporate status quo. Accordingly, opportunities for new actors and sectors within the real estate industry will emerge.

Suggested Citation

  • Viktor Franz Paul Weber, 2016. "Disruptive Innovations in Real Estate," ERES eres2016_71, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2016_71
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    JEL classification:

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

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