Defining Proptech for Commercial Real Estate

RYAN MAHONEY

Real Estate

Defining Proptech for Commercial

Proptech: What is it

Defining Proptech for Commercial Real Estate Proptech, short for property technology, has become a bit of a buzzword in the global real estate industry. Proptech is rapidly becoming one of the key drivers of growth in the commercial real estate sector, giving CRE professionals new advantages and innovations.

Commercial Proptech

The Proptech Boom

Commercial proptech can refer to technology used by both developers and those who use the buildings.

The term covers real estate tools and technology as well as tech designed to streamline office processes.

Proptech can range from advanced analytics and data services to digitally enhanced workplaces.

The proptech sector is experiencing a boom right now, with the real estate industry and investors keen to support new ventures and innovations.

In the US, around 38% of all proptech firms work within the commercial real estate sector and there are approximately six proptech companies for every million people. The current pandemic has driven growth in the proptech industry as companies strive to meet changing customer demands.

2

Ryan Mahoney

The proptech sector is experiencing a boom right now, with the real estate industry and investors keen to support new ventures and innovations.

Ryan Mahoney

3

You can learn more about proptech by visiting the blog of Ryan Mahoney of Dubai, UAE.