Commercial Property Valuations – A Time of Change
Richard Moss, Associate Director of psd’s Property & Construction Practice, was asked for his observations in the special report Commercial Property Valuations – A Time of Change. The report, by Dan Hughes of LIQUID REI, explores how the commercial property market is likely to evolve in the future with the use of data and technology, and raises some of the sectors biggest challenges.
This report investigates the single most important driver of real estate market valuations and how the way we calculate this is expected to dramatically change in coming years, particularly due to the rising influence of data and technology. It explores how the commercial property market is likely to evolve, some of the challenges that both companies and the wider sector faces, and importantly, it provides constructive first steps to facing these challenges and opportunities. Central to this report is a survey capturing the perspectives and expectations of 27 leading valuation clients.
Dan Hughes (Founder of Alpha Property Insight and LIQUID REI) is a property technology innovation expert and has worked across a wide range of organisations in the real estate sector, covering all segments and stages of the life cycle. Dan worked for KONE and DTZ (now C&W) before moving into the data world where he held senior roles at Ordnance Survey (the leading Geospatial provider), IPD (part of MSCI and the leading investment data provider) and at RICS where he was responsible for the product management of products such as BCIS and iSurv. Whilst at RICS, Dan also led the PropTech strategy positioning RICS as the leading global PropTech brand. In all of these roles, he has had a particular focus on the valuations process, how it is changing and the use of data within it.
Significant change can be established, but it needs to be measured, used as an enabler and work with the establishment. There might occasionally be a feeling that the tide of technology is an issue for the next generation – collectively the focus needs to be on legacy and the platform we leave in trust for our businesses and future leaders.
Richard Moss specialises in the Property Services, Advisory, Occupier Services and the Property Technology sectors, with over 20 years’ Director level Search & Selection experience in Built Environment Recruitment. Most recently he has supported a number of advisory businesses in bridging the knowledge gap. His consultative approach can add considerable value around Property, Technology and Occupier Services.
To benefit from a discussion about the opportunities and challenges highlighted in this report and how these may affect your plans to build in the New Year, contact Richard Moss today and connect with us on LinkedIn.