According to a survey among chief financial officers in commercial real estate companies conducted in June 2022, tech budgets were expected to increase in 2023. Depending on the region, between 41 and 48 percent of respondents shared this view. In North America, which includes respondents from the U.S. and Canada, industry experts were the most optimistic almost half of the survey participants forecasting an increase. Meanwhile, commercial real estate executives were most pessimistic in Europe, where 37 percent of respondents expected spending cuts in tech budgets.
Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023
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chief financial officers of major commercial real estate owners and investment management companies
Supplementary notes
The source adds the respondents were equally distributed among three regions—North America (the United States and Canada), Europe (the United Kingdom, France, Germany, and Switzerland), and APAC (Australia,
China, and Japan). The survey included real estate companies with assets under management of at least 100 million U.S. dollars.
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Deloitte Digital. (September 7, 2022). Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1291074/tech-budget-increase-by-region-cre/
Deloitte Digital. "Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023." Chart. September 7, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1291074/tech-budget-increase-by-region-cre/
Deloitte Digital. (2022). Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1291074/tech-budget-increase-by-region-cre/
Deloitte Digital. "Expected Changes to Tech Budgets by Commercial Real Estate Executives in Different Regions Worldwide 2023." Statista, Statista Inc., 7 Sep 2022, https://www.statista.com/statistics/1291074/tech-budget-increase-by-region-cre/
Deloitte Digital, Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023 Statista, https://www.statista.com/statistics/1291074/tech-budget-increase-by-region-cre/ (last visited August 25, 2024)
Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023 [Graph], Deloitte Digital, September 7, 2022. [Online]. Available: https://www.statista.com/statistics/1291074/tech-budget-increase-by-region-cre/
