Advancements in technology, such as machine learning and big data, which paved the way for digitalization in residential real estate, are disrupting the commercial property landscape. Commercial Proptech covers tools that offer automation and efficiency improvements across various areas like acquisition, financing, and management of commercial real estate (CRE). These platforms help connect buyers, sellers, and brokers while supporting property owners with commercial property management, leasing lifecycles, and linking them to property financiers.
AI has opened the doors for startups specializing in collecting and collating data relating to CRE and providing analytics and insights that support decision making. Technology is also democratizing access to commercial real estate, allowing everyday investors to access an asset class that was otherwise restricted to larger investors.
* Note: Additional sections (such as market sizing, detailed overview, and incumbents) can be provided on request.