What is PropTech?

Written by Steve Todd in Glossary,Real Estate


 

What is PropTech?

 

Generally, proptech (also referred to as property technology or real estate technology) is a set of cross-industry technologies changing the way we research, rent, buy, and manage property- tearsheetOpens in a new tab.

 

Property technology, or ‘PropTech‘, is defined by LendInvestOpens in a new tab. as “the wave of companies using technology to refine, improve or reinvent the services we rely on in the property industry to buy, rent, sell, build, heat or manage properties”- ICASOpens in a new tab.

 

Proptech is one small part of a wider digital transformation in the property industry. It considers both the technological and mentality change of the real estate industry, and its consumers to our attitudes, movements and transactions involving both buildings and cities- MediumOpens in a new tab.

 

See also: What is PropTech? (Importance, Startups and What’s coming)

Steve Todd

Steve Todd, founder of Open Sourced Workplace and is a recognized thought leader in workplace strategy and the future of work. With a passion for work from anywhere, Steve has successfully implemented transformative strategies that enhance productivity and employee satisfaction. Through Open Sourced Workplace, he fosters collaboration among HR, facilities management, technology, and real estate professionals, providing valuable insights and resources. As a speaker and contributor to various publications, Steve remains dedicated to staying at the forefront of workplace innovation, helping organizations thrive in today's dynamic work environment.

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