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The Role of Real Estate in Smart City Development

by Jonathan Hills & Tom Duncan
by Jonathan Hills & Tom Duncan
        

Throughout history, technology has played a critical role in the evolution of cities. Examples include the underground railways that were introduced in London in the 19th Century, which alleviated congestion on busy urban streets and enhanced the movement of residents and workers; and elevators, first trialed in the U.S. in the mid 1800’s, which transformed city skylines and redefined urban life.

As in the past, the next era of urban innovation will be based on advances in technology. This time, however, progress will be in the digital realm, where emerging technology such as machine learning, automation and the Internet of Things is facilitating the emergence of Smart Cities featuring advanced information and communication technology, helping drive sustainable development and improving the quality of life for their residents.

This ViewPoint by CBRE Research explains how real estate has a key role to play in Smart City development and is also set to be one of the major beneficiaries of this new technology. It also includes a summary of major Smart City initiatives currently underway in major markets in Asia Pacific.


 

This latest report in the WORK_IT series explains how real estate has a key role to play in Smart City development and is also set to be one of the major beneficiaries of this new technology.

More "Tech | Work | Jobs" Series Articles

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Bettering employee experience through technology

How new technology is helping us overcome common workplace frustrations and improving employee experience.

How job automation will reshape corporate office demand in Asia Pacific

Property technology: disruptor or enabler?

Disrupting the Indian IT Sector: CRE Implications

See more of CBRE's WORK_IT: Technology | Workplace | Jobs series

Contacts

$name
Jonathan Hills
Senior Director, Research
Asia Pacific
Research
+852 2820 2881
+852 2810 0830
Tom Duncan
Tom Duncan
Executive Director
Asia Pacific
Advisory & Transaction Services | Data Centre Solutions
+65 6328 1352

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