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News of real estate’s death is greatly exaggerated Real estate in the New Economy

News of real estate’s death is greatly exaggerated Real estate in the New Economy The Internet and e‐commerce continue to change profoundly the manner in which everyone conducts business. These fundamental changes impact not only the traditional supply chain but also the way in which business is conducted throughout the enterprise. In this paper plausible implications and outcomes are predicted for the future of commercial real estate in the New Economy. Anything that changes how people conduct business also changes where it will be conducted. Companies that anticipate these changes and restructure their fixed‐asset base (including real estate) fastest will gain greater additional competitive advantage in the New Economy. Firms that choose not to adopt the tools of e‐commerce will effectively be choosing to go out of business. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Corporate Real Estate Emerald Publishing

News of real estate’s death is greatly exaggerated Real estate in the New Economy

Journal of Corporate Real Estate , Volume 2 (4): 8 – Oct 1, 2000

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
1463-001X
DOI
10.1108/14630010010811428
Publisher site
See Article on Publisher Site

Abstract

The Internet and e‐commerce continue to change profoundly the manner in which everyone conducts business. These fundamental changes impact not only the traditional supply chain but also the way in which business is conducted throughout the enterprise. In this paper plausible implications and outcomes are predicted for the future of commercial real estate in the New Economy. Anything that changes how people conduct business also changes where it will be conducted. Companies that anticipate these changes and restructure their fixed‐asset base (including real estate) fastest will gain greater additional competitive advantage in the New Economy. Firms that choose not to adopt the tools of e‐commerce will effectively be choosing to go out of business.

Journal

Journal of Corporate Real EstateEmerald Publishing

Published: Oct 1, 2000

Keywords: Central Business Districts (CBDs); E‐commerce; Real estate; Supply chain; New Economy; Portfolio strategy

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