Accelerating the Pace of Change - Commercial Real Estate Transaction Survey
A survey by Clifford Chance and Concrete VC
Covid-19 created a tipping point for proptech, putting it front and centre in addressing the requirements of a commercial real estate industry that needed to continue working under lockdown.
At the height of the first lockdown, Clifford Chance and Concrete VC surveyed the UK real estate industry to find out what the new normal for real estate transactions might look like.
The survey sought to understand which technologies and new approaches would increase in use and importance, and which would fade away. With over 80% of respondents either at C-Suite or senior level, and with over 40% representing large organisations, the results showed that proptech will play a critical role going forward but also identified which of the more traditional tools will remain at the heart of the industry.
The survey also identified the key barriers to wider adoption of technology across the industry.