Proptech Predictions

1. Consolidation
2. Less residential fintech, more property management tech
3. Construction tech boom

I got one thing right: Consolidation.

We saw that early in 2023, as Lessen acquired SMS Assist, L.L.C. -- and I believe we'll see more of that in 2024 as the sector continues to mature.

As for my other two predictions:
— Less residential fintech, more property management tech —

The first part of my prediction was right, that the first wave of residential fintech had died off. And I don't think we'll see a lot of activity in that space in 2024, either.

The other half of my prediction about seeing more property management technology...I wish we saw more of it.

But I think AI is going to remake property management technology with automation and become more inter-stitched with BMS technology and industrial IOT.

— Construction tech boom —

This one was more of a hope...and, for the most part, it still is.

I thought we'd see a boom in construction tech, because as far behind as real estate has historically been with technology...you could make a case that construction is even further behind.

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Author

Calya

Como educador, estou profundamente engajado no desenvolvimento dos estudantes em ambiente escolar, adotando métodos pedagógicos que valorizam conexões genuínas e são movidos por inovação e fervor. É minha vocação guiar os alunos na jornada de se tornarem uma geração notável, empregando estratégias de ensino amplamente aclamadas por prestigiadas instituições acadêmicas ao redor do globo - perfume.rukahair.com