I’ve been watching the proptech ‘scene’ develop as a proptech founder for a while now, having come over from British Land where I formerly worked, and Andrew Stone’s piece, ‘Rise of the machines’, shows how far the sector has evolved.
In the last thirty years, commercial real estate has evolved from a “mom and pop” operation to one of the largest institutional asset classes, rising from 4.5% of institutional investment portfolios in 2000 to nearly 10%, according to research by NAIOP.