Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
Law firms are among the first office-using tenants to reduce or eliminate their WFH strategies, according to a new report from Colliers. While the national occupancy rate currently stands at 25%, nearly 70% of law firms surveyed by the commercial real estate giant report being at least 25% occupied. By the end of 2021, Colliers experts predict that two-thirds of all law firms will be more than 50% occupied.
Bisnow
This summer is looking very different to 2020, as reopening plans take place and coronavirus cases slide. But when it comes to the return to the office, uncertainty still looms across most markets.
The Real Deal
Industrious announced Friday that it bought Beather’s intellectual property, technology and data assets. It has a listings platform that includes some 700 on-demand workspaces. The purchase price was $3 million, according to Canadian newspaper The Globe and Mail.
TechCrunch
We previously wrote about Propy using blockchain technology to smooth real-world real estate sales by introducing the concept of smart contracts. Propy was the first blockchain startup to make that work. Now the company is pushing the boundaries again, by auctioning a real apartment as an NFT. Although one might want to brush this aside as a stunt, the event is designed to make the point that it could well be done legally. And, by golly, they are going to try….
GlobeSt
The pandemic has significantly changed the way that people work, and undoubtedly, the workplace will have to change—but landlords are not pivoting as fast as they need to. Or, at least that is the results of a recent survey from essensys and compiled by Verdantix. The report shows that only 13% of occupiers believe that commercial real estate owners are prepared to meet new tenant needs.
CREtech+
Lee Odess, Founder and CEO of Group 337 talks advancements in health, wellness, and convenience through the lens of security technology in CRE.
TechCrunch
Meet Café, a new French startup founded by two brothers that wants to help companies switch to a hybrid remote-and-office workplace model. Café isn’t a traditional desk-booking tool. Instead, the company helps you see when people in your team are coming to the office so that you can plan when you should go to the office as well.
Crunchbase
Australia-based Pyn closed an $8 million Seed-1 round to help companies stay more engaged with employees — something many are looking to do as the workforce has become more distributed.
Forbes
Brazilian real estate startup QuintoAndar announced a $300 million Series E round led by Ribbit Capital today (28). The latest investment takes the company’s previous market value of about $1.5 billion to $4 billion and will boost a strategy that includes the start of its international expansion.
CREtech+
Sandy Sigal, President and CEO of Newmark Merrill Companies sheds light on what types of technology solutions are most important to him, and where he sees the most ROI when incorporating advanced technology into retail properties.
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