Investments into commercial real estate technology has seen a major boom in the past year, and in 2020, it is expected to grow even further.
โPeople have become very comfortable with innovation in technology,โ said Ashkรกn Zandieh, chief intelligence officer at CRE Tech. โFrom 2010 to 2015 were learning years for the industry, and while adoption has still been a laggard, it is being offset with owner operators piloting a lot of the innovation themselves.โ
Despite its massive growth, there is still plenty of room for technology disruption. For example, Zandieh said that while there are various areas that could benefit from tech integration, co-living has one of the more promising futures.
Next year, the Asia PropTech market will become a huge player in the sector, along with the U.S. and Europe.
Still, fintech maintains being the most popular sector for tech investment, followed by flexible office operators and property management technology.
