Office Demand Surges in March
Globe St.
Office demand surged in March, rising 28% from February and 161 percent in Q1 2021, according to the VTS Office Demand Index (VODI). Demand is now just 9% below pre-pandemic levels.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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iBuying ramps up after pandemic pause and despite hot real estate market for sellers
Geekwire
After taking a hit during the beginning of the pandemic, iBuying is ramping up with dozens of companies racing to streamline home offers online. Seattle giants Redfin and Zillow Group to SPAC-backed upstarts Offerpad and Opendoor are all aiming for the opportunity to become a one-stop shop for sellers. Their ambitious plans went on pause last year when the pandemic began as home-buying efforts slowed.
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Firstbase Raises $13M To Help Companies With Remote Work
Crunchbase News
As more employees are getting used to working from home, Firstbase has closed a $13 million Series A to help companies with the transition to remote work. The new round was led by Andreessen Horowitz, with participation from B Capital Group and Alpaca VC. Founded in 2019, the company has now raised $15 million in total….
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What Successful Start Up Founders Share in Common Trailer
CREtech
Ryan Freedman, General Partner at Alpaca Ventures highlights the importance of understanding your strengths to determine your role and career path, the top 5 characteristics he sees in successful founders, and how he’s able to determine what’s next in CRE tech.
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In Case You Missed It! Check out a tech demo by Land Intelligence from our CREtechU Virtual Summit
CREtech
Gore Bolton, Founder & CEO of Land Intelligence delivers a tech demo. Land Intelligence is the rating agency for land. By leveraging big data ingestion, on-the-ground relationships, and a patented software algorithm, Land Intelligence is a time and cost-efficient solution to the land acquisition and due diligence problem. We do in seconds what would take weeks or months.
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The Capital Raising Formula: Optimizing Fundraising Through Technology
CREtech
What if there was a simple way to change how you think about fundraising, and the efforts of your organization to raise capital that has the potential to make your work faster, simpler, and more profitable? Join AppFolio Investment Management Industry Principal Michael Sebastian for a discussion on how to streamline fundraising and effectively raise more capital through the use of technology.
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Can New Jobs Make Up for the Decrease in Office Demand?
Globe St
Brett White, CEO of global commercial real estate services giant Cushman and Wakefield, sees some bad times immediately ahead for office space, though he expects that to reverse with new job creation. “We’re very optimistic with the signs … that we’re seeing in the marketplace right now,” White told CNBC in a recent television interview….
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The Pandemic Changed Where Americans Live
Wall Street Journal
The pandemic has spurred a burst of mobility that is accelerating changes in where and how Americans live. Some young people are leaving cities earlier than is typical, while some older people are speeding up retirement moves. Fewer newcomers are giving cities a try, meaning the people moving out aren’t being replaced by fresh residents….
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Data Center Demand Offers Opportunity To Supply Energy To Housing
Forbes
These days every company is being valued on the data that it captures from customers, even making some organizations’ data worth more than the company itself. With that being said, most organizations are scrambling to create ways to capture that data and have it available to access anytime, which requires some hardware. That hardware can mean a data center, which has become a real estate boom.
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How Data Is Changing the Way Offices Are Run
New York Times
Building owners are using data collection and artificial intelligence to help control systems like heating, lighting, air quality and even the flow of workers.
