Venture Investment in Proptech Poised to Break Record This Year

LONDON—For CRE professionals, technology has been a double-edged sword, creating both challenges and opportunities.

If real estate professionals have been challenged by technology, it’s likely they see it as a threat. But DLA Piper’s Global Real Estate Practice Co-chair John Sullivan thinks people need to look at it differently.

“I think people who look at technology as only a threat are making a big mistake,” Sullivan tells GlobeSt.com. “As you look at the percentage of money that’s spent on innovation or technology, real estate has historically lagged other business by a significant margin.”