Proptech has been saved
A disruptive force in real estate?
The global COVID-19 pandemic is already accelerating this disruption, given some of the challenges of executing real estate transactions and operating properties remotely, as well as the impact the pandemic will have on how real estate is used in the future.
The current state of the real estate industry
With nearly $9 trillion in global assets, commercial real estate is larger than any other class of financial services assets. Add to that global residential real estate assets, which are many times greater in value than commercial real estate, and you are talking about an enormous asset class that historically has created much wealth and attracted considerable entrepreneurial activity. Ownership of real estate is broad-based – owners include individuals, governments, institutions, funds, corporations, and publicly traded entities such as Real Estate Investment Trusts.