Acceleration of pace of proptech revolution rapidly changing business of real estate

The Urban Land Institute (ULI), in partnership with global law firm Goodwin, has published a new report, which it believes lifts the lid on how proptech is increasingly revolutionizing the real estate industry.

Proptech: Changing the Way Real Estate is Done consolidates and analyzes data collected from a survey of 200 ULI members from around the world who have direct involvement with their companies’ historical and recent adoption of proptech. Eighteen in-depth interviews were also conducted with senior real estate executives whose companies have adopted new technologies and are planning more.

Ed Walter, ULI Global CEO, said, “Historically real estate has not been regarded as the most technology focused of industries but that is changing, and changing fast. Proptech has undeniably become essential to companies to maintain a competitive market position, with technologies being integrated in all business areas, including, meaningfully, providing the tools