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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  • Investors Step Up Scrutiny of Flex Office Space

    GLOBEST

    JLL research predicts that 30% of the US office market will comprise flexible space by 2030. One of the drivers behind this growth, ironically, is the uncertainty in the economy. “It’s not just a reflection of current circumstances, such as the ongoing trade war or Brexit, but the rapid shifts in business that make it hard for companies to know what they are going to look like from year to year, never mind in three-, five- or 10-years’ time,” according to Ben Munn, global head of flexible space …

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  • What Happens When Proptech Helps Renovate Office Space

    GLOBEST

    Increasingly startup proptech companies are implementing revenue-sharing agreements with a landlord in lieu of rent by building out amenities that tenants want in the building. The end result is a revamped building designed to meet the current demand for such services that cost the landlord relatively little. Indeed, landlords benefit doubly for these deals, says Jahn Brodwin, senior managing director of FTI Consulting. They are able to offer new amenities that they didn’t pay to create that app…

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  • Imagine ‘virtual changing rooms’ — ex-Walmart US chief on how tech can shape retail in the 2020s

    CNBC

    The impact of technology on brick-and-mortar retail is just getting started as the 2020s arrive, former Walmart U.S. President and CEO Bill Simon said Tuesday. And it may mean that by the end of the decade the days of carrying a pile of clothes into a dressing room are gone. “Could we have virtual changing rooms so that you can just scan an item in a store with your phone and try it on yourself without actually having to go try it on?” Simon said on “Squawk on the Street.” “There’s just amazing …

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  • Inside WeWork Co-CEOs Artie Minson, Sebastian Cunningham Exit Package

    THEREALDEAL

    It may not be $1.7 billion, but it’s still a pretty penny. WeWork’s co-CEOs Artie Minson and Sebastian Cunningham will get about $17 million in exit packages if they are fired or leave WeWork, according to the Financial Times. They would each receive $8.3 million. Jennifer Berrent, the company’s chief legal officer, would get $1.5 million if she is fired or leaves, and she would not have to pay back $12 million in retention bonuses. Shareholders received the terms of exit packages ahead of a $3 …

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  • Retailers Cannot Venture On Without Data Insights

    GLOBEST

    Data has become more important than ever for retail investors trying to compete and remain relevant amid changing consumer demands for brick and mortar and e-commerce shopping platforms, Meghann Martindale, CBRE’s global head of retail research, tells GlobeSt.com. The commercial real estate services firm is actively bulking up its retail research to provide information to its brokers and clients about trade areas, asset types, and market exposure to optimize their position and operations in the …

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  • 5 Ways Multifamily Design Will Have to Change

    MULTIHOUSINGNEWS

    On the horizon is a massive wave of demand for apartments that stretches well into the future. In fact, the industry will have to build at least 328,000 new apartments each year just to keep up with demand for apartment living, according to recent research. However, anything being designed today won’t see its first resident for a couple of years—or more, depending on how knotted the process is where you’re building. At the same time, there are revolutions already well underway in everything from…

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  • Top Proptech News of 2019

    SHARPLAUNCH

    As 2019 draws to a close, we wanted to take a look at the biggest proptech news headlines over the past year. Below is a round up of some of the good, bad and ugly stories that shaped the proptech sector in 2019.  PropTech firm SquareFoot, a commercial real estate brokerage, announced the acquisition of PivotDesk a subletting platform formerly owned by coworking provider Industrious, which enables office tenants to rent out their unused desk and office space to smaller companies. SquareFoot says…

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  • Airbnb Takes Halting Steps to Protect Its Users

    WSJ

    Airbnb Inc. employees had a proposal in 2017 for making the home-sharing platform safer for both hosts and guests. Everyone who signs up, they suggested, should have to provide a government identification such as a driver’s license. The company had suffered through a string of embarrassing safety problems, including prostitution, theft and voyeuristic hosts using cameras to watch guests. An ID requirement might deter bad actors, the employees argued. It wasn’t the first time members of A…

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  • Tech Giants Hunt for AI Startups—and the Brains Behind Them

    WSJ

    Technology giants are opening their checkbooks to keep pace in the hot field of artificial intelligence, where some of the best ideas and most sought-after talent reside in small startups and academia. Intel Corp. ’s purchase of Israeli startup Habana Labs for $2 billion this month is the biggest AI deal in a year when those transactions have already hit a record. Other tech giants, including Amazon.com Inc. and Microsoft Corp. , have made acquisitions in recent years to strengthen their abil…

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  • Inside ex-Uber CEO Travis Kalanick’s secret ghost kitchen startup

    BUSINESSINSIDER

    Travis Kalanick, the ousted Uber cofounder, has pivoted from the ride-hailing industry to another kind of shareable market: “ghost kitchens.” Part of Kalanick’s acquisition of the real-estate company City Storage Systems, CloudKitchens — a startup he’s been rather hush-hush about — rents commercial space to offer delivery-only restaurants and chefs a place to prepare food without having to worry about maintaining the dine-in portion of a brick-and-mortar location.

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