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 future: KayoCloud, 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 results: eXp 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 hot: Amazon 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]