The property sector includes residential, office, industrial and commercial property throughout its entire lifecycle from investment and property development through to lettings, estate agents, property managers and facilities management.
This sector is becoming increasingly reliant on, and sometimes driven by, technology as the market responds to increasing demands from tenants, occupiers, agents, suppliers and investors. Tenants and occupiers seek higher quality properties and both tenants and operators expect seamless online services available 24×7. Investors expect high occupancy rates, effective asset management, investment growth and visibility. Increasingly, investors are partnering with agents and property/facilities managers to maximize ROI and asset growth on their portfolios, using insight and analysis from Business Intelligence tech to review performance.
Whilst property developers share mobile technologies and overlap with the AEC sector, lettings, estate and land agents and property managers need to maximize occupancy by ensuring their properties are effectively marketed to the widest possible audience through seamless system integration to industry standard marketing platforms such as Rightmove and Zoopla. Similarly, property and facilities managers need seamless system integration through their entire supply chain to meet delivery commitments and to maintain profitability in a highly competitive market.
BIM systems are becoming increasingly sophisticated and are now seen as the norm. BIM is changing the face of facilities and property management leveraging the Internet of Things (IoT) to enable maintenance services to become increasingly proactive in direct response to increased H&S regulations and market demand.
Increasingly, IT, systems and digital, backed by the right processes and management is a critical factor in competitive advantage and asset performance.