As businesses move forward post-pandemic, they are updating processes and adopting emerging technology. The use of technology in expediting property due diligence is proving to be beneficial. Corporate real estate (CRE) professionals can take advantage of digital platforms to streamline workflow, receive instantaneous environmental reports, and put their project on a fast track.
Post-pandemic, many businesses have decided to keep employees working remotely, resulting in underutilized office space. Also, the growth in e-commerce has resulted in companies looking to expand distribution space in new markets. By speeding up their due diligence processes through the use of technology, CRE professionals can respond to these challenges much more quickly.
When it comes to constructing new facilities, collaborative software like BIM reduces time and costs. Thanks to the connectivity of BIM, anyone from anywhere can access project data. Project data is up-to-date with changes immediately visible. This real-time accessibility provides for early, seamless communication between all project stakeholders. Having all project-related data in one repository not only allows for shorten execution time on the current project, but also provides a wealth of information for the next project down the road.
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