The real estate industry was once considered a laggard in the adoption of digital technologies. However, in recent years, the rate of digital transformation in the sector has been particularly energetic. Proptech companies have been some of the most successful and rapidly growing startups in the world, attracting massive amounts of venture capital(1). Besides the level of seed capital, the sheer scale at which technology is being adopted in real estate became apparent in 2018, when Proptech was reported to have grown at a rate of 82%(2), dwarfing even other rapidly expanding tech-driven innovations, such as those in Fintech.
This story is from the March 2021 edition of Commercial Design.
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This story is from the March 2021 edition of Commercial Design.
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