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By DEB NOLLER | Technode Global | March 9, 2022
The pandemic has taught us to understand the role of buildings overnight — what kind of space are we living to work and move through now? It has also created an impact on how important real-time data and decision-making are at every level of society, especially within the built environment and PropTech sector.
According to data firm CB Insights and a report from Wall Street Journal, PropTech funding reached record highs in 2021 with $9.5 billion worth of investments which reflects the current global priorities for the real estate sector to leverage technology for meeting occupant satisfaction, operational efficiency, and environmental goals.
Owners and asset portfolio managers of commercial real estate want to reiterate the value of traditional workspaces, and the hospitality industry is on the hunt for technology solutions to better support guest experiences in a pandemic world. In 2022, buildings will be putting plans to action, and the investment landscape for PropTech is projected for continued growth.
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