Jacob Frydman on how Technology is Important in the Commercial Real Estate Market

Despite the growing trend for consumers to shop via ecommerce platforms, retail rent pricing in major cities across the globe remains sky high.

New York, NY - May 16, 2019 /MarketersMedia/ —

According to the worldwide management consulting agency McKinsey & Company, nearly all industries are faced with some type of digital delay. Historically, commercial real estate (CRE) maintained a culture of cautious strategies and resisted many major changes. However, today’s new technologies and digitalization are adopted as assets more and more even by the most staunch market conservatives. Internationally-renowned real estate investment consultant and CEO of Frydco Capital Group, Jacob Frydman talks about the role new technologies play in reshaping the present and the future of the CRE industry.

Despite the growing trend for consumers to shop via ecommerce platforms, retail rent pricing in major cities across the globe remains sky high. In the United States, commercial real estate is estimated to be the country’s largest economic asset with $24.14 billion invested in the first half of 2018 alone. This behemoth industry offers vast opportunities for digitalization and as such, has attracted ecommerce platforms such as Ten-X which aims to fundamentally change the experience of investing in CRE. The company has processed over $20 billion in CRE transactions since its launch in 2009 and works towards simplifying and streamlining the work of brokers worldwide. Ten-X is not alone in the scramble to align with a business niche that generates nearly $1 trillion in revenues annually. Inspired by the success of Airbnb and WeWork, venture investors deployed over $5 billion in 2017 to engineer software and platforms with an aim to revolutionizing the CRE market as we know it.

In the U.S.A. the transition to a new, digital ecosystem for residential real estate transactions is already clearly evident in a multitude of cloud based data streams delivering faster and more customer friendly service to the average consumer. This has empowered property developers and owners to better market, manage, maintain and monetize their assets. Looking purely at CRE investments, Jacob Frydman sees the real advantage of technology implementation as a massive time-saver (freeing up brokers from manual and repetitive tasks) and facilitator of fluid communication by providing multiple parties with real-time data access. This results in greater opportunity for relationship and network building between agents, investors and sellers with much less time spent on administrative workflows. Technology has also benefitted the industry by generating greater accessibility to new demographics through virtual property tours, purchase facilitators and remote management service providers.

Jacob Frydman is a leading real estate investor and consultant based in New York City. He graduated from Boston University with a BS in Finance and a JD from Case Western Reserve University School of Law. Frydman has been a frequent guest speaker at the New York Law School and at Columbia University where he lectured on real estate and finance. He has gained international recognition through his successful investment portfolio of property development projects implemented over the last 30 years and valued at over $2 billion. He is also a dedicated philanthropist and generous contributor to various charitable organizations. He has served on the Board of the Jewish Federation of Dutchess County, NY, and has been an avid supporter of the National Committee for Furtherance of Jewish Education (NCFJE), Chabad of Duchess Country, and the Brem Foundation of Washington, DC.

Jacob Frydman - Blog - JacobFrydmanNews.com: http://JacobFrydmanNews.com

Jacob Frydman (@jacobfrydman) - Twitter: https://twitter.com/jacobfrydman

Jacob Frydman -- Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Contact Info:
Name: JFN
Email: Send Email
Organization: JacobFrydmanNews.com
Website: http://www.jacobfrydmannews.com

Video URL:

" target="_blank">

Source URL: https://marketersmedia.com/jacob-frydman-on-how-technology-is-important-in-the-commercial-real-estate-market/513582

Source: MarketersMedia

Release ID: 513582

More News From Enter Hollywood

Pell's appeal pitted word of former choirboy against priest

Aug 23, 2019

CANBERRA, Australia — Cardinal George Pell's appeal against his convictions for child molestation was largely a question of who the jury should have believed, his accuser or a senior priest whose church role was likened to Pell's bodyguard. Pell's accuser was a 13-year-old choirboy when he alleged that he was abused by then-Melbourne Archbishop Pell at the city's St. Patrick's Cathedral in December 1996 and February 1997. Monsignor Charles Portelli was a master of ceremonies at the 11 a.m. Sunday Masses where the choir sang. A chorister in the 1990s, David Dearing, told police that Portelli, Pell's right-hand man, was...

Chinese pop stars publicly back Beijing on Hong Kong

Aug 23, 2019

HONG KONG — At least eight pop stars from mainland China and one each from Taiwan and Hong Kong are publicly stating their support for Beijing's one-China policy, eliciting a mixture of disappointment and understanding from fans. Many of the statements came after protesters opposed to Beijing's growing influence over semi-autonomous Hong Kong removed a Chinese flag and tossed it into Victoria Harbour earlier this month. Lay Zhang, Jackson Wang, Lai Kuan-lin and Victoria Song were among the K-pop singers who recently uploaded a Chinese flag and declared themselves as "one of 1.4 billion guardians of the Chinese flag" on...

The Latest: Concerts canceled over Hong Kong airport protest

Aug 23, 2019

HONG KONG — The Latest on Hong Kong protests (all times local): 7 p.m. At least three concerts by overseas performers have been canceled in Hong Kong as protesters forced the city's airport to suspend operations for a second day. K-pop star Kang Daniel and Scottish band CHVRCHES both announced Tuesday that they are calling off upcoming events. American singer-songwriter Alec Benjamin canceled an upcoming concert late Monday. Kang's management office said the cancellation of a fan meeting scheduled for Sunday was because of safety concerns related to the protests, while CHVRCHES blamed "unforeseen circumstances." The airport protests are the...

China bans movies, actors from prominent Taiwan film awards

Aug 23, 2019

BEIJING — China said Wednesday it was banning Chinese movies and actors from participating in Taiwan's Golden Horse Awards, one of the Asian film industry's most prestigious honors, as Beijing ramps up economic and political pressure on the island it claims as its own territory. The one-sentence announcement on the microblog of China Film News, a newspaper affiliated with government film regulator, gave no reason for the suspension, but it comes amid rising tensions over Taiwan's refusal to recognize being part of Chinese territory to eventually be brought under Beijing's rule. Even without the ban, Chinese artists might have found...

Li Peng, Chinese premier during Tiananmen crackdown, dies

Aug 23, 2019

BEIJING — Li Peng, a former hard-line Chinese premier best known for announcing martial law during the 1989 Tiananmen Square pro-democracy protests that ended with a bloody crackdown by troops, has died. He was 90. China's official Xinhua News Agency said Li died Monday of an unspecified illness. His death was not announced until Tuesday evening. Li, a keen political infighter, spent two decades at the pinnacle of power before retiring in 2002. He left behind a legacy of prolonged and broad-based economic growth coupled with authoritarian political controls. While broadly disliked by the public, he oversaw China's reemergence from...

Sign up now!