2023 real estate trends: embracing digital transformation (part 1)

Following on from 2023, the real estate industry finds itself navigating a dynamic landscape marked by multifaceted changes and this article offers an insightful exploration of the key forces driving transformation within the real estate sector. From the increasing demand for data centres to the emergence of cutting-edge proptech innovations and the pervasive influence of digitalization, we delve into the trends reshaping this vital industry, uncovering the 'why' behind the digitization wave, examining the challenges it poses and highlighting the myriad benefits it brings. Moreover, the insatiable appetite for data centres will be unravelled, the latest in real estate technology trends explored, and the future of an industry caught in the throes of rapid evolution peered into.

Why digitize?

The motivation driving the adoption of digital technologies in the real estate sector stems from the unstoppable progression of the digital economy. This adoption holds the promise of improving effic…