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Home News

Tech Investments Into CRE Is Having A Moment

Aayat AlibyAayat Ali
December 23, 2019
in News
Reading Time: 1 min read
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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. 

“People have become very comfortable with innovation in technology,” said Ashkán Zandieh, chief intelligence officer at CRE Tech. “From 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.”

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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.

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Still, fintech maintains being the most popular sector for tech investment, followed by flexible office operators and property management technology.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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