Proptech is in the driving seat when it comes to the real estate industry’s digital transformation. It has the capacity to touch and impact every marketplace. Whether through online platforms, building management apps, hardware or software, it is challenging the status quo and thereby creating opportunities through disruption.

Those opportunities are not just improvements to the bottom line but also environmental, social and governance credentials. As occupiers, investors and developers venture into the Internet of Things, AI data analysis or virtual reality the potential to improve the world we live and work in is limitless. Over the next 12 months we are likely to see more:

Advances in the construction process, whether through small changes with environmental impacts or new project management tools to enhance delivery efficiency.

Greater adoption of property management technologies. The world of smart homes, smart offices and smart cities is less the future and more the present. So much of what is normal everyday expectation at home after two years of the pandemic will start to influence our working locations. What is normal in 2022 was not in 2019. That it can have a carbon reducing impact is almost a side benefit.

Requests to do that remotely. The shopfloor has become digital with virtual reality and the pandemic-imposed restrictions. What was normal in 2019 has not been for two years and there will be more acceptance of virtual viewings, renovation proposals and meetings, even if “in person” is an option.

Maturation of the Proptech market. There are likely to be more mergers, acquisitions and IPOs in 2022 as the marketplace for Proptech takes another step forward in its development.

Click on the links to find out more about our Construction and engineering, Hotels, Contracts and appointments and Procurement strategies services.

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