The commercial property market should be mindful of the potentially huge impact of cloud computing on the sector, the Royal Institute of Chartered Surveyors (Rics) has warned.
Cloud computing is a method whereby files and software can be accessed remotely without the need for servers.
According to RICS, the huge move towards this technology could be a key determinant in the way the progresses in years to come. This is largely because it facilitates home working and means that tenants are likely to require smaller premises.
Andrew Waller, a spokesman for Rics, said: “As more and more businesses look to reduce their expenditure, cost-efficient operating solutions will become an increasing priority.
“The impending impact of businesses adopting the cloud will be far reaching for the property profession.”
He added: “Furthermore, by using virtual IT systems businesses will require less floor space, as large servers are dispensed with and the smooth, reliable remote access allows a greater number of employees to work away from the office on a more regular basis.”
Other benefits of cloud computing include the fact that costs can be spread among more than one company and its potential to expand capacity to meet seasonal spikes in demand.