Corporate and Commercial Real Estate Sectors Best Poised to Capitalize On Internet Revolution Says Futurest David Pearce-Snyder.

Business Editors/Hi-Tech Writers

ATLANTA/COPENHAGEN-MALMO--(BUSINESS WIRE)--Sept. 14, 2000

Brokers could lose an average of 11 percent in coming years, says

Pearce-Snyder

Corporate and commercial real estate are among the business sectors best poised to capitalize on the Internet revolution, futurist David Peace-Snyder told a gathering of corporate real estate executives at the IDRC World Congress held here.

Lifestyles editor for Futurist Magazine, Pearce-Snyder predicted that growth in retail e-commerce will lag behind B2B or e-business uses of the internet.

Pearce-Snyder predicts the economic impact of the Internet on global e-business GDP will rise from $32 trillion today to $94 trillion by 2250 and to $290 trillion by 2400. In addition, he expects a totally wireless workplace will be in place within the next 20 years.

The reason corporate real estate management and transactional models adapt well to the internet is the current move toward the delivery of information services that combine facility management -- including electronic concierge services for occupiers and end users.

The growing number of on-line service provider alliances now offering everything from property listings to facility procurement shows a leading trend in corporate real estate today, says Pearce-Snyder.

There may be some drawbacks for some industry segments, however, including intermediaries such as brokers, who may lose an average of 11% in commissions in coming years due to the increased level of value-added, non-commissionable services now available online, Snyder said.

Snyder also pointed to the growing number of online service provider alliances offering everything from property listings to facility procurement. In the next few years, these online supply networks may be regarded by governments in an antitrust context but new opportunities for "middlemen" such as e commerce companies will provide a way around the expected restraint of trade claims.

The Copenhagen-Malmo World Congress explored how the e-revolution is changing the way corporate real estate professionals do business and what the function will look like in the future.

With a backdrop of one of the world's most dramatic new landmarks, the Oresund Fixed Link Bridge, the Congress delved into how ecommerce is forcing corporations to break the rules relating to leadership, organization and business processes on a global scale.

IDRC is the world's leading professional association for corporate real estate executives, service providers and economic developers. IDRC is a total learning organization integrating strategic research with professional education. More than 3,200 members comprise IDRC's global membership base in North and South America, Europe, Asia and Australia. For more information, visit www.idrc.org.