REAL ESTATE INNOVATION

Since the dawn of the internet age, technology has dramatically transformed business industries, but the real estate industry, a sector traditionally resistant to change, has lagged behind in terms of technological innovation. Technology adoption rates remain low among real estate companies for a variety of institutional reasons, including a lack of internal expertise and infrastructure to integrate new technologies. However, the emergence of PropTech – the convergence of real estate and technology – is bringing tides of change for the real estate industry.