Prof. David Geltner discusses the Real Estate Data Revolution
A revolution is coming in real estate investment, according to MIT professor David Geltner. “Rules of thumb” and “conventional wisdom” are out, he says. Empirical data and analytics are in.
“This is an industry that has always needed to use a lot of numbers, but it is an industry that never had real data,” Geltner says. In a wide-ranging interview with REIT magazine, Geltner discussed how the influx of data-driven millennials is changing the culture of the real estate business, what buildings and people have in common and more.