Technology remains an integral part of how industries operate, particularly in the real estate sector. Thanks to increasing demand and accessible smart features in real estate, proptech has quickly emerged as one of the biggest investment sectors.
Proptech is made with mobility in mind, which is why coworking spaces have become such a hit in the past few years. In fact, these shared workspaces more than doubled between 2015 and 2018.
Flexible properties allow companies to provide tenants with a more enhanced experience, thus increasing tenant loyalty.
Coworking management can also use proptech data to track how their spaces are being used, where they can improve, and the best way to accommodate members in the space.
Overall, proptech is guaranteed to continue growing and advancing thanks to major investments that continue pouring into the sector, such as SoftBank’s $4.4 billion into WeWork and $450 million into Compass.
