Back in June 2019, we co-hosted a webinar with RICS where we discussed how increased data accessibility and availability are affecting every corner of real estate– especially on investment.
Here are two key takeaways from the webinar discussion:
- Real estate data platforms backed by machine learning technology such as Reonomy are making massive quantities of commercial real estate data readily accessible and more legible. This provides better transparency into markets, which in turn enables more accurate forecasting and better decision-making.
- A major challenge faced by the commercial real estate industry is the lack of a universal data language. Without a standardized method to identify an asset, there’s no foolproof way of conducting accurate, robust analysis.