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Alexis Fermanis SIOR Senior Director of Marketing & Communications

SIOR 2023 Tech Snapshot: New Report Explores Digital Evolution of CRE


As technology continues to evolve, so does the landscape of commercial real estate. But what exactly does this mean for CRE tools and technologies utilized by professionals in the field? And how can we leverage these ongoing advancements to maintain a competitive edge?

With these questions in mind, the Society of Industrial and Office Realtors® (SIOR) Technology and Innovation Committee conducted a comprehensive survey in 2023 in an effort to understand the evolving dynamics of CRE in the digital age. This survey sought to unravel the impact of Commercial Real Estate Technology (PropTech) on businesses, offering valuable insights into significant technological tools and shifting trends. The resulting 2023 Technology Snapshot provides essential data aimed at helping professionals navigate the changing landscape of CRE and harness technology for strategic advantage.

The full report includes key findings such as:
  • On average, CRE practitioners dedicate 63% of their workday to engaging with technology—a testament to its pervasive influence in shaping daily operations and strategies.
  • A notable 59% of SIORs rely on Subscribing Listing Platforms as their primary source of market intelligence, providing unparalleled access to critical market data and insights.
  • Artificial Intelligence, Drones, and Big Data emerge as the cornerstone technologies poised to revolutionize the future landscape of CRE, offering increased efficiency and innovation.

Why It Matters for CRE Professionals:

The Tech Snapshot not only illuminates current trends but also serves as a compass for navigating the evolving technological landscape of CRE. The report provides valuable information for CRE professionals, helping to identify emerging opportunities, enhance operational efficiency, and strengthen client relationships in today's digital era.

Explore the Tech Snapshot Now for valuable insights to stay informed and ahead of the curve:


Media Contact
Alexis Fermanis SIOR Director of Communications