Hybrid Work Models and Office Space Challenges
The shift to hybrid work is increasing demand for flexible office solutions, while shrinking corporate real estate impacts technology adoption.
The shift to hybrid work is increasing demand for flexible office solutions, while shrinking corporate real estate impacts technology adoption.
AI is vital for areas like maintenance and customer service, but smaller firms struggle to implement it, widening the gap with market leaders.
Demand for IoT solutions like smart locks is growing, but retrofitting older properties is costly, especially for multifamily units.
Implementing AI, IoT, and blockchain requires significant investment, which smaller PropTech firms often struggle to manage.
To address these challenges, PropTech companies are exploring cost-saving measures like automation, focusing on niche markets, and collaborating with educational institutions to build talent pipelines.