We cannot stop progress, but we can control it. The collaborative economy is changing the world, and it would be silly to believe that traditional actors have not noticed it.While traditional sectors of the economy sometimes struggle to integrate the use of new technologies into their business, the real estate market has demonstrated over the last five years that it can take full advantage of these new tools.
Online real estate agents use the magic of the Internet so that everyone can offer their vacant space; many other platforms have emerged to highlight their offers on the market. If the collaborative economy disrupts the traditional market, the actors would be wrong to try to fight it when it is a big opportunity.
Need to adapt to new technologies
The new flexible office rental platforms allow companies to find and rent low-cost spaces when traditional practices would have led them to co-working spaces, company roommates or subletting.
But fully furnished office space in Delhi, as beautiful and exciting as they are, are not suitable for everyone when the colocation of companies does not always offer the relaxed environment that startups often look for.
Finally, the sublease, in addition to being hard to find, requires a ton of administrative paperwork.
Thus, for many freelancers or startups, the alternative to telework was not very good, despite many vacant workspaces. Now, thanks to new technologies, all these spaces can easily be referenced and accessible by all. First base employees have understood the mentality of the startups for which they work and are aware that they will need to quickly master these new technologies to overcome the delay they have made.
The use of new technologies makes it possible to harvest and store a lot of data. The market analysis will be more precise and will allow market players to better position themselves.
Traditionally, real estate is very little standardized with very variable costs, profits, and taxes. With the arrival of platforms creating more standardized marketplaces, homeowners rent their spaces more easily, and their transactions are stored digitally.
Data storage and standardization will facilitate quantitative analysis of the entire industry, including potential investors. A broker who previously could not predict the value of lead will be able when a fully furnished office space in India can more easily assess the cost of its work.
Established real estate trade members are not currently in direct competition with the collaborative economy. Even brokers who might think they are useless in the face of the rise of collaborative platforms still play an important role.
However, the real estate industry would be better off seeking solutions now to collaborate with the sharing economy than to fight it. Putting their knowledge of this market to good use will benefit everyone, and tech companies will not be able to do it alone.
Time saving
The use of virtual reality augmented reality or VR vision help to visit many floors virtually without the need for travel, so it saves a lot of time and allows a screening of the floors that really like customers and They are interesting depending on your needs.