Digital real-estate platform to cut ‘cycle time’ for deals, proponent says

ABS-CBN News

Posted at Jul 05 2018 10:32 PM | Updated as of Apr 30 2019 03:38 PM

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MANILA—The domestic commercial real-estate market is ripe for digital disruption, one of the founders of a cloud-based real-estate platform said on Thursday. 

Talox, an independent asset-management and leasing platform for landlords and agents, said that while real estate is very traditional and slow moving, the mindset is changing.

Yves Luethi, Talox co-founder and CMO, likened digitizing the commercial real estate market to online banking, which he said will soon become the norm. 

"You tremendously reduce the deal cycle so instead of closing a deal in 9 months you basically reduce it to 3 to 4 months. You are also able to market it more efficiently," Leuthi said in an interview with ANC's "Market Edge."