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Pandemic accelerates digital real estate transformation

The pandemic has caused a seismic disruption to our industry, and nobody has been spared. Accelerated adoption of e-commerce has traditional retailers concerned. The work-from-home movement has companies unsure of their future need for office space. And investment sales brokers are facing the most difficult market in their careers. 

  • Repercussions are starting to show: Traditional brokerage firms like JLL are continuing with layoffs, and it’s clear that the winners will be those who embrace technological innovation. 
  • Cloud-based brokerages are the futureKayoCloud, currently in stealth mode, is at the forefront of this movement. It automates a commercial broker’s day-to-day operational activities, allowing them to work anywhere, anytime with increased efficiency.
  • Zero overhead, better resultseXp World Holdings has done this successfully on the residential side, and boasts a market cap over $4 billion, with 32,000 agents. This new model is creating a buzz throughout the real estate community.
  • Industrial real estate remains piping hotAmazon has signed a lease for an entire 975,000-square-foot warehouse at the Matrix Global Logistics Park in Staten Island. The e-commerce giant has already leased two other warehouses on the site, bringing its capacity there to nearly 2.3 million SF. [TRD+Crain’s]

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