Undoubtedly, we live in interesting times. Supply exceeds demand in some real estate categories like office spaces, and other CRE categories. Longer deal cycles are no longer typical for construction only, but for real estate, too. These adverse circumstances drive nothing less than the consolidation of industry sectors players. No longer corporates or larger scaleups acquire smaller players, but we see corporates shop for other corporate companies.
Tenants and buyers want more and ever more personalized offers and services in order to take the decision to buy or rent from you. Such a pressure.
Though to some extent, we got used to the pandemic consequences, obviously, some things in our hindsight surprise us. We are even more surprised by the fast movement of some same or other sector players. Unmistakably, fewer and yet fewer people still think that waiting till the dust settles down is a sane option.
This is why we @PropTech Bulgaria constantly sense the pulse on how industry sectors transform. Different sectors get changed in different pace and cycle time, or better by different clockspeed. And everything gets shifted.