Real Estate and the New Economy (eBook)

Tim Dixon is Director of the Oxford Institute of Sustainable Development and Professor of Real Estate in the Department of Real Estate and Construction at Oxford Brookes University. With more than 25 years' experience of research, education and professional practice in the built environment he is a qualified fellow of the RICS and of the Higher Education Academy, a member of SEEDA's South East Excellence Advisory Board, as well as the editorial boards of five leading international real estate journals. He has worked on funded collaborative research projects with UK and overseas academics and practitioners and his personal research interests revolve around the sustainability agenda and its impact on property development, investment and occupation, and the impact of ICT on commercial property and real estate markets. The research is based on a strong interdisciplinary approach which incorporates policy and practice impacts, and futures thinking. He is also a member of the CORENET Sustainability Working Group, and a member of the Steering Group for the 'Future of Cities' Research programme, based in the James Martin 21st Century School at Oxford University. In 2009 he was awarded Honorary Fellow status of the Institute of Green Professionals.

The Authors.

Foreword by Paul McNamara, Prudential Property.

Investment Managers.

Preface.

Table of Responsibilities.

Introduction.

1.1 Background.

1.2 Aim and objectives.

1.3 Definitions.

1.4 Technological change; alternative perspectives.

1.5 Summary - an overview.

1.6 An integrative socio-technical framework for ICT and real
estate.

1.7 Examples of the socio-technical approach.

1.8 Key themes of the book.

Section 1 Context and Framework.

2. The Social, Economics and Political Context of ICT
Transformation.

2.1 Introduction.

2.2 Understanding the role of technological change in
society.

2.3 Towards an information society and the new economy.

2.4 The role of knowledge and innovation in policy.

2.5 Information society policy development in the UK.

2.6 Measuring the information society.

2.7 Implications of the development of an information
society.

2.8 Summary.

3.Technological Change: Diffusion and Adoption of ICT by
Consumers, Businesses and Governments.

3.1 Introduction.

3.2 Technology diffusion.

3.3 Implications of ICT diffusion for consumers, businesses and
government.

3.4 Internet-driven activities: eBusiness, eCommerce and
eWork.

3.5 Some implications of ICT adoption for real estate.

3.6 Summary.

4. Business Process and Organisational Change.

4.1 Introduction.

4.2 Understanding corporate change.

4.3 ICT and the design of organisations.

4.4 Generic business processes.

4.5 Procurement.

4.6 Operational management.

4.7 Marketing.

4.8 Customer relationship management.

4.9 Accounting.

4.10 Recruitment.

4.11 Stock management.

4.12 Financial management.

4.13 Mapping processes to property.

4.14 Summary.

5. The New Economy and Real Estate.

5.1 Introduction.

5.2 What is the new economy.

5.3 The evidence for a new economy.

5.4 The role of real estate in the new economy.

5.5 Summary.

Section 2 Real Estate Spaces and the Impact of ICT.

6. Real Estate Spaces.

6.1 Introduction.

6.2 The paradox of location in the new economy.

6.3 Physical form and virtual reality.

6.4 Transactions in space.

6.5 Personal space.

6.6 Private space.

6.7 Summary.

7. Real Estate Use and ICT.

7.1 Introduction.

7.2 Sales.

7.3 Processing.

7.4 Manufacturing.

7.5 Storage.

7.6 Leisure and living.

7.7 Summary.

8. Real Estate Service Providers and ICT.

8.1 Introduction.

8.2 The changing context of real estate investment.

8.3 The owner's manager.

8.4 The occupier's manager.

8.5 Appraisers.

8.6 Brokers.

8.7 Summary.

Section 3 The Future.

9. New directions and Policy Implications: The Future of Real
Estate in the New Economy.

9.1 Introduction.

9.2 The socio-technical framework.

9.3 Summary.

9.4 New types of real estate.

9.5 Implications of ICT transformation for existing real
estate.

9.6 Policy issues.

9.7 Future visions.

9.8 Is there still a future for real estate in the new
economy?.

References.

Index

'The strength of this books lies in its very broad attitude to the
subject plus solid and innovative conceptual framework. The book
has a clear structure and is well organised. Because of its
holistic and very detailed character the book can be recommended as
a supplementary handbook for students of economics, geography or
planning.' European Spatial Research and Policy.
2,2,2005.

The authors of this book are to be applauded. They have
sought, through their 'socio-technical' approach, to
look at the complex interactions between technology, society and
economics. ... as someone who earns his living by advising one
of the UK's largest property investors on which properties to
own and where, this book is very timely...In writing this
comprehensive and very fully referenced text, the authors have done
us all a great service.'

Paul McNamara, Prudential Property Investment Managers

'It is recommended for both real estate professionals who are
interested in the increasing relevance of ICT to the real estate
industry, as well as ICT experts seeking to understand how and to
what extents the real estate industry will grasp the rapidily
changing field of ICT.' Urban Studies