AUGUST 20206 PropTechOutlookEditorialAs private equity firms, venture capital funds and commercial brokerages continue to pour billions into the PropTech sector, in the future, the PropTech technologies and new business models will be tested against the time. While there exist a plethora of solutions for real estate technology developed by PropTech firms, several vital trends will shape the marketplace in the coming future as more companies capitalize on technological innovation and growth in the space to serve the millions of businesses and customers.It is expected that digital connectivity will become the single most important differentiating factor when it comes to attracting tenants to commercial and residential buildings. With the upcoming deployment of 5G, the next evolution in cellular technology, more building owners will be aligned to future-proof their real estate assets. As consumers gain access to 5G through handsets slated to hit the market throughout 2019, and the technology permeates through the marketplace, users will expect similar capabilities inside of commercial real estate buildings.As the demand for data from consumers, cloud-based services, and smart building IoT devices increases exponentially, more commercial building owners who want to compete for high-paying tenants will need to adapt their structures for 5G. The commercial real estate industry is undergoing massive structural change through a concept known as space-as-a-service. The SPaaS is a business model, in which landlords essentially provide a suite of services that enable tenants to utilize the space efficiently, entails everything from digital connectivity to furniture, fixtures and even the staffing required for operating their businesses. SPaaS is a paradigm shift in the way in which the commercial real estate industry has provided products and services to tenants and is changing the role of commercial landlords from rent collectors to service providers. The tremendous success of Property Management startups in both retail and co-working are among the top areas for growth and diversification with firms like Brandbox, Knotel, WeWork. This edition brings you some of the most prominent players operating in the HPC landscape that have excelled with their service and will be significant drivers of the aforementioned trends to the mainstream.Let us know your thoughts! The Genesis of PropTech 3.0Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.AUGUST - 2020Email:sales@proptechoutlook.comeditor@proptechoutlook.commarketing@proptechoutlook.com AUGUST 2020, Vol 03 - 03 Published by ValleyMedia, Inc. To subscribe to PropTech OutlookVisit www.proptechoutlook.com Managing EditorMark WilsonEditorial StaffVisualizerMatt RyderVictor Cruz Antony GonsalvesJasmin AliSara FernandesCristopher ReedJonathan Parks Susan EnglishSalesTom Francis tom@proptechoutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffMark Wilson Managing EditorPropTech Outlookeditor@proptechoutlook.com
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