Proptech Fun Facts & Insights

It's time for another edition of PropTech facts and sector news. A little round-up of Proptech insights we think is worth mentioning and you should know about.

Living SMART

Amazon's recent shutdown of ALEXA, for some, sounded the death knell for SMART home technology and the Internet of Things (IoT). Despite this, we are seeing a resurgence in the quality of technologies in this sphere.

Driven by:

1. Energy cost rises (Micro): Since 2004, the average energy cost per household has seen a significant rise to 2022, with some countries in Europe seeing this increase by a factor of 50x in the period.

2. Energy cost rises (Macro): With the rise in storage technology capability, there is much hope, particularly within the V2X spheres of how connected devices can help manage the demand load on energy generation.

3. Frictionless work experience: With Americans now spending 62% of their waking time at home (compared to 50% pre-COVID), the demand for a frictionless experience is key. SMART-enabled homes that replicate this experience we see as a key future demand area.

Sector Innovation

It has always been slow for the real estate industry to innovate. With the number of data sources and data growing exponentially, it adds to the barriers and challenges to digitizing aspects of manual industry.

AI, much talked about in other industries, does not look like the natural bedfellow for real estate and construction practices. However, all industries rely heavily on data and analytics, and we see a use case for AI complementing existing data science in construction, smart real estate management, designing, property investment and other use cases...

Proptech plays a key role in the industry digitation.

Oh Lord,

Office Landlords are now having to apply Retail Thinking As laggard cities, such as Manhattan, creep back over the 50% in-office attendance stats, landlords are now zeroing their attention on tenant mix. So many of their iconically-branded tenants, in their shiniest towers, now fall into the category of “high potential for remote work”.

Finance, Insurance, Management Consultancy, Professional Services and Technology, once the darlings of any tower, who commanded building signage rights, are now the sectors that are most likely to slash their in-office presence. The bigger the landlord and the more expensive the square meter, the greater the percentage of representation these sectors had as tenants.

Landlords are now undertaking a serious risk-mitigation approach by diversifying their exposure to these tenant sectors, and are applying an approach similar to what retail-precinct owners have had to do for years, spread betting.

Technology sourcing for Real Estate, it’s what we do.

It’s our profession.

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