CCIM Connections

Can commercial real estate professionals afford not to invest in smart technology?

The Chevron deference doctrine, a legal precedent from 1984, gave regulatory agencies significant power in interpreting unclear laws. However, the Supreme Court's recent decision in Loper Bright Enterprises v. Raimondo shifts this power back to the courts, marking a major change in how laws affecting industries, including commercial real estate, will be interpreted. This landmark decision could reshape many areas of regulation in commercial real estate, from environmental standards to zoning laws.

The CCIM Institute’s “Proptech's Golden Age” article explored the pandemic-driven surge in proptech, highlighting its transformative impact on commercial real estate. By 2024, this rapid adoption has evolved into a strategic integration phase, further reshaping the industry with advanced digital solutions for efficiency and enhanced tenant experiences.