April 1997, Vol 22, No 1

Abstract: This article explores the rapidly changing real estate environment and its implications for the future. Three major themes are considered: change in the way tenants utilize space, different investor perspectives regarding real estate investment and the rapidly changing playing field for real estate enterprises. The author suggests that technological change threatens real estate more than it does other industries. Also he discusses how the move to securitize real estate investments has major implications for both investors and service providers.