Rethinking Real Estate: A Roadmap to Technology's Impact on the World's Largest Asset Class

by Dror Poleg

Overview

Technology is revolutionizing the way real estate is designed, operated, and valued. It is democratizing access to capital and information, changing the way tenants use space, and eroding the power of regulation. Billions of dollars are funding these new real estate technologies and operating models. Value is shifting away from the assets themselves toward those who understand the needs of specific end-users and can use technology to deliver comprehensive, on-demand solutions. With all of these developments, there is an urgent need for a resource that helps industry practitioners think differently about their investment, customers, and competition.

Rethinking Real Estate answers that call. It explores the impact of technology on all asset types — from retail projects, through lodging and residential properties, to office buildings and industrial facilities. Based on the author’s two decades of experience working across four continents alongside the world’s leading realestate investors, as well as hundreds of conversations with start-up founders and venture capitalists, this book provides practitioners with key insights, methodologies, and practical strategies to identify risks, take advantage of emerging opportunities, evaluate new competitors, and transform their organization, project, venture, or career.

Whether you are an investor, developer, operator, broker, lender, facility manager, designer, planner, or technology entrepreneur, this book will help you navigate the exciting period ahead.

Product Details

ISBN-13:	9783030134457
Publisher:	Springer International Publishing
Publication date:	11/01/2019
Edition description:	1st ed. 2020
Pages:	306
Product dimensions:	6.40(w) x 9.30(h) x 1.00(d)

About the Author

Dror Poleg advises the world’s largest investors and organizations on the impact of technology on urban life and the way physical assets are designed, used, and valued. His current and past clients include multibillion-dollar organizations such as British Land, AvalonBay Communities, Dubai Holding, Liberty Mutual, Cushman & Wakefield, National Multifamily Housing Council, INREV, NAIOP, and EPRA, as well as venture-backed companies such as Breather, Venn, Carson, BumbleBee Spaces, and BuildingLink.

Over the past two decades, Dror participated in developing over 30 million square feet of commercial and residential space, oversaw the expansion of a $3 billion property portfolio, and participated in hundreds of negotiations and development projects involving some of the world’s largest financial institutions, real estate operators, and tenants, including BlackRock, HSBC, PAG, Frasers, China Construction Bank, GIC, Zara, H&M, Uniqlo, and LVMH.

Dror’s work draws on practical experience and formal training at the London School of Economics, INSEAD, and Swinburne University of Technology. His insights have been featured in reports and events by KPMG, PwC, MIPIM Proptech, JLL, PERE, Savills, Estates Gazette, Business Insider, Inc. Magazine, Real Estate Weekly, Propmodo, CRETech, and RICS. He serves as the Co-Chair of the Urban Land Institute’s Technology & Innovation Council in New York City.

Table of Contents

1. Introduction: Real Estate Value in a Changing World.- Section I Retail.- 2. Retail Properties in Context.- 3. How to Think About the Future of Physical Retail.- 4. Forces Reshaping Physical Retail.- 5. The Challenges to Retail Landlord Innovation.- 6. Landlords of the Future.- 7. Rethinking Physical Retail Properties.- Section II Office.- 8. Offices in Context.- 9. Forces Reshaping Supply of Office Space.- 10. Forces Reshaping Demand for Office Space.- 11. Office Landlords in the Twenty-First Century.- 12. Rethinking Office Buildings.- Section III.- 13. Housing and Lodging.- 14. Forces Reshaping Lodging.- 15. Forces Reshaping Housing.- 16. Rethinking Housing and Lodging.- Section IV Logistics and Industrial.- 17. Logistics and Industrial in Context.- 18. Forces Affecting Supply and Demand for Industrial Real Estate.- 19. Industrial Landlords in the Twenty-First Century.- 20. The Liberation of Things, People, and Cities.- 21. Rethinking Logistics and Industrial Properties.- 22. Conclusion: Property’s Unreal Future.

What People are Saying About This

From the Publisher

“Core reading for investors looking to understand what the future of real estate means for them.” (Jack Sibley, Innovation & Technology Strategies, Nuveen Real Estate)

“You have to read this book. It’s the clearest, most comprehensive analysis of the complete overhaul impacting real estate, largely driven by technology. Dror provides both an intellectual and practical dive into what is an incredibly exciting time for real estate sector.” (Charlie Green, Co-Founder and Co-CEO, The Office Group)

“Packs together complex topics in real estate, technology, venture investing, and innovation into almost a visual story, with anecdotes and humor. This book will help anyone that invests or operates institutional real estate to evaluate their strategy.” (Karen Hollinger, SVP of Strategic Initiatives, AvalonBay Communities)

“The real estate industry is changing. This book will help you make sense of it all by putting those changes into context and separating the facts from the noise.” (Brad Hargreaves, Founder & CEO, Common)

“…weaves together deep research with timely insights and observations about evolutionary forces in our society and explains how these changes have (and will) impact the entire real estate industry… If you need to understand the future of real estate, read this book now!” (Aaron Block, Founder & Managing Director, MetaProp Ventures; Co-Author of Proptech 101)

“Dror’s work is always like having a long-range lens/thermometer into the real estate industry. This book is no exception. He calls it years before the rest of the market sees it, and for that his role as soothsayer to the enlightened is invaluable. This book is every fund and asset manager’s chart around the challenges of the future. If you want to protect the asset of your long-term career in property, this book is your survival manual.” (Juliette Morgan, Head of Sustainable Development, British Land)

“We are in the middle of a huge change in how people interact with the built world. This book does a great job of breaking down all of the important trends in each asset class, with interesting examples and actionable takeaways in each chapter.” (Julia Arlt, Global Digital Real Estate Leader, PwC)

“At a point of rapid and exciting change in the real estate industry, Dror Poleg charts an expert and thought provoking course starting at the pyramids and moving into a technologically enabled future. Rethinking Real Estate is an essential read for those with aspirations to understand and lead this change.” (Richard Pickering, Chief Strategy Officer, UK, Cushman & Wakefield)

Editorial Reviews

​Rethinking Real Estate has been announced as recipient of the Gold Award of the 13th Bruss Real Estate Book Award given by The National Association of Real Estate Editors (NAREE). The award is given annually by the nation's top real estate journalists and editors, from publications such as the Wall Street Journal, Washington Post, and Bloomberg.

From one of the judges:

"Poleg’s work shows extensive research over decades of study across four continents. Chapter 20 has a particularly engaging title: 'The Liberation of Things, People, and Cities.' Each section addresses the asset in context, the forces shaping it, and how to rethink the asset… His book is organized by segments: retail, office, housing and lodging, logistics and industrial." Another judge indicated that it is an excellent, easy-to-read, yet highly technical book. This judge believes Poleg realizes his goals of writing a book that brings readers up to speed on the possible impact of technology and what will govern the industry over the next three decades – highlighting practical strategies to identify risks and take advantage of emerging opportunities."

From the Publisher