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
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Deloitte Digital. (September 7, 2022). Expected changes to tech budgets by commercial real estate executives in different regions worldwide 2023 [Graph]. In Statista. Retrieved October 31, 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 October 31, 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: October 31, 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 October 31, 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/
