Jacob Frydman Talks About the Recent Tendencies in Commercial Real Estate

Technology has dramatically transformed nearly every trade, and it was only a matter of time before it started reshaping the commercial real estate (CRE) industry.

January 12, 2019 /MarketersMedia/ —

Jacob Frydman, a well-known professional in real estate development, discusses the current trends and outlook for the real estate industry of USA, since the influx of commercial real estate (CRE) tech firms. For more than 30 years, Frydman has been finishing and participating in highly complex real estate deals, with a value of over $2 billion. At the same time, he observed emerging trends in the market as well.

Technology has dramatically transformed nearly every trade, and it was only a matter of time before it started reshaping the commercial real estate (CRE) industry. Jacob Frydman, who is a recognized thought-leader in this field, is optimistic about the state of the market in 2016. CRE tech companies are already replacing archaic tools of the real estate trade, resulting in many executives tossing aside their excel sheets and 20-year-old tech platforms for modern, more efficient software. In addition to changing the way people invest and fundraise, this new technology is revitalizing the industry, turning real estate players into enthusiastic investors.

More importantly, this change is welcomed. In fact, CRE technology firms received more than $90 million capital investment in just the first half of 2015, according to a 2015 mid-year report. These companies will undoubtedly have an impact on four areas: leasing data and workflow platforms, “open source” data exchanges, advanced analytics platforms, and online marketplace solutions. Unsurprisingly, the influx of tech companies in the CRE market has already reshaped the industry in many ways. A shift from outdated systems changes the way real estate executives navigate, making them more efficient and, in return, boosting competition. As a result, there’s been a greater emphasis on better tools and visibility as well as an increased mobility in the industry overall, as noted by a recent Forbes article. The last two or three years have brought in a wave of CRE mobile apps that enable executives to make effective, quick and timely decisions. If mobile technology keeps advancing at this rate, CRE professionals may be able to run their entire leasing business from anywhere in the world at any time.

The majority of experts, including Jacob Frydman, believe that the influx of technology will impact the industry in a positive way. Among the findings of a recent Forbes Insight report, which surveyed more than 200 real estate executives, the majority of respondents said they see solid prospects for the sector, with 52 percent saying they believe that their segment of the market is either strong or very strong, and 71 percent noting that adequate capital is available for investment.

Jacob Frydman is a New York-based property expert and consultant who has worked in the CRE industry for over a quarter of a century. During this time, he has executed several complex real estate transactions including Two Dag Hammarskjold Plaza and the Aetna Building in lower Manhattan’s financial district. He frequently appears on television programs such as Fox News, Bloomberg TV, CNBC and others to discuss trends in commercial real estate market. An avid philanthropist, Frydman devotes much of his time and capital to various organizations including Chabad of Dutchess County and the Brem Foundation.

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

Source URL: https://marketersmedia.com/jacob-frydman-talks-about-the-recent-tendencies-in-commercial-real-estate/469515

Source: MarketersMedia

Release ID: 469515

Latest News

Egypt demands Christie's halt auction of King Tut statue

Jun 19, 2019

CAIRO — Egypt has tried to halt the auction of a 3,000-year-old stone sculpture of the famed boy pharaoh Tutankhamun at Christie's in London, while the auction house said its sale was legal. The statue — a brown quartzite head depicting King Tut — is scheduled to be auctioned off in July, and could generate more than $5 million, according to Christie's. The artifact features King Tut's full mouth with slightly drooping lower lips and almond-shaped eyes. For many, King Tut is the ultimate symbol of ancient Egypt's glory. Howard Carter discovered the pharaoh's nearly intact tomb in 1922 in...

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Jun 19, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

Protesters in Iran, Iraq burn Israel, US flags on 'Quds Day'

Jun 19, 2019

TEHRAN, Iran — Iranians in the capital Tehran set fire to effigies of U.S. President Donald Trump, while in the Iraqi capital, Iran-backed militiamen marched over a large Israeli flag as part of rallies Friday marking Quds, or Jerusalem Day. The annual protests come as the Trump administration tries to market its long-awaited Israeli-Palestinian peace plan. Held each year on the last Friday of the Muslim holy fasting month of Ramadan, Iran has marked Quds Day since the start of its 1979 Islamic Revolution by the late Ayatollah Ruhollah Khomeini. Al-Quds is the Arabic name for Jerusalem, and Iran says...

Ramadan in Mideast is for fasting and Facebook, data shows

Jun 19, 2019

DUBAI, United Arab Emirates — The Muslim holy month of Ramadan, with its long days of fasting and prayer meant to draw worshippers closer to God and away from worldly distractions, is being reshaped by technology. People in the Middle East spend close to 58 million more hours on Facebook during Ramadan and watch more YouTube videos — everything from beauty tips and recipes to sports and TV dramas — than any other time of the year, making the holy month not only the most important one for Muslims, but also the prime time of the year for advertisers. For...

A look at the Muslim fasting month of Ramadan

Jun 19, 2019

DUBAI, United Arab Emirates — Many Muslims around the world began fasting Monday to mark the start of the holy month of Ramadan. This means waking up before dawn to eat, hydrate and pray. Once the sun rises, Muslims abstain from food and drink, including water, until sunset. They repeat the grueling routine every day for a month. Here are some questions and answers about Islam's holiest month and how it's observed. WHY DO MUSLIMS FAST? Fasting is meant to bring worshippers closer to God through steady remembrance, reflection and sacrifice. Daily fasting, combined with five daily prayers and extended...

About Us

Originally founded in 2015, Voyage Times publishes articles on travel and lifestyle for travelers, leisure seekers, and culture hunters from around the world.

Contact us: sales[at]voyagetimes.com

Subscribe Now!

Quick Links

HomePress