When real estate professionals are busy trying to attract new tenants or retain current ones, critical tasks like property valuations and building maintenance and operations can get lost in the shuffle. Fortunately, property technology (proptech) has emerged to help pick up some of the slack, Jeffrey Steele recently wrote for Forbes. “The advances in applying data science and machine learning to real estate in the past few years have been significant, and the benefits they offer the industry are amplified in an uncertain economy,” Christopher Yip, partner in real estate venture capital firm&nb ..read more

Property technology (proptech) Internet of Things (IoT) solutions provider Enlighted recently announced that artificial intelligence (AI) use in its Location Intelligence solution has been expanded, as well as new additions to the Enlighted partner ecosystem. Introducing AI models to Enlighted’s Real Time Location Services (RTLS) system improved the accuracy of finding assets and personnel more than 98 percent, an improvement over prior triangulation methods that offered 80 percent accuracy, according to the company. These AI capabilities build on Enlighted’s Temperature Co ..read more

The need for reliable in-building wireless connectivity in spaces such as office buildings and manufacturing plants is well documented. The same level of reliable wireless networks is now being required on luxury vacation properties, Don DeMarinis, senior vice president, sales for Agilysys Americas and EMEA, wrote. Reliable connectivity helps guarantee an outstanding customer experience, which is what luxury properties expect. Attentive staff members are great, but as guests become more tech savvy, what they really want is the ability to make requests from the palm of their hand. This starts w ..read more

The property technology (proptech) market is projected to grow significantly, with an anticipated compound annual growth rate (CAGR) of 9.3 percent from 2023 to 2033, according to Future Market Insights (FMI). The predicted surge is an indicator that proptech remains popular and a key part of the real estate industry, as its market value is expected to increase from $19.6 billion this year to $47.8 billion by 2033. New technology-based solutions have helped close the communication gap between startups and real estate firms, which has allowed the proptech market to grow, according to FMI. Artif ..read more

Federated Wireless Inc., a shared spectrum and private wireless leader, and World Wide Technology (WWT) announced a partnership this month to deliver turnkey private wireless LTE and 5G solutions to enterprises and carriers. The partnership brings accessibility, flexibility and simplicity to private wireless LTE and 5G consumption models. WWT will combine Federated Wireless’ private wireless services with enterprise applications and professional services to deliver tailored solutions to its customers across industry sectors and use cases. The Federated Wireless private wireless bundles, backed ..read more

Washington, D.C. is well-known for politics, but not so much when it comes to property technology (proptech), despite its potential to be a major industry hub, Commercial Observer reports. “I think anything that’s not politics in the D.C. area is underrated in a lot of ways,” Lee Odess, CEO of Bethesda, Maryland-based Access Control Executive Brief, told Commercial Observer. “If you look at the technology impacts that we’ve had with data centers and the likes of AOL and companies like SmartThings from the IoT smart home industry, all those things get overshadowed because of ..read more

 Office landlords and commercial real estate tenants are doing whatever they can to get employees to return to the office full-time, including providing technology incentives, which remains a big challenge, Proptech reports. Currently, central business districts such as New York and San Francisco are having trouble reaching 50 percent office attendance three days a week. Property technology (proptech) companies are trying to make coming back to the office more convenient, and potentially more desirable, for workers who’ve become accustomed to doing their duties at home. For example, propt ..read more

For years, commercial real estate owners have been hard-pressed to meet tenants’ demands in their continued efforts to keep their vacancy numbers low. The task became even more challenging at the onset of the COVID-19 pandemic when mandates forced many businesses into a fully remote work model. Now, even as buildings have opened back up, CRE owners are searching for strategies to get tenants to come back as remote and hybrid work models have become the rule rather than the exception. A strategy they might want to consider is ensuring their buildings have outstanding air quality, according to J ..read more

Artificial Intelligence (AI) is one of many forms of technology that’s found its way into the commercial real estate sector and it could potentially radically transform how industry stakeholders operate and transact, CREXi’s Shanti Ryle recently wrote for WealthManagement. AI’s impact on CRE could include improving productivity, decreasing operational spending and enhancing industry professionals’ ability to find, research and close deals. “We’ve already seen transformation,” Ryle said. “AI’s recent advancements are ushering in a new era of technology tools to enhance commercial real estate’s ..read more

Glasgow-based property technology (proptech) IES recently produced digital twins for the University of Glasgow’s James McCune Smith (JMS) Learning Hub, the Advanced Research Centre (ARC) and the school’s 55-year-old library, SmartCitiesWorld reports. The pilot program, called eDigit2Life, was created to assess how compliance models can be used to improve building performance. Compliance models are often created at a building’s design stage to assess aspects such as energy performance and rating, but they’re unable to reliably predict real world CRE building performance, according to IES. That ..read more