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Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Introducing the Millennial Metric by Greg Lindsay
newcities
The Millennial generation may be the most consequential for North American cities since the Baby Boomers 75 years ago. They are certainly the most misunderstood. For more than a decade, their lifestyle preferences have been perceived as contrarian compared to their parents, whether that meant living at home, forgoing a driver’s license, or choosing to live in city apartments rather than suburban homes.
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Only 8 Percent of NYC Workers are Back in the Office
The Real Deal
Three months ago, New York City’s major employers thought only 10 percent of their workers would be back in the office by now. It turns out that things are not as bad as expected. They’re worse.
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Miami proptech startup secures seed funding, sees demand surge during pandemic
Refresh Miami
With today’s technology, buying or selling a home should be a transparent and efficient process — all the way through the closing. To make it so, a Miami-based proptech startup set out to rethink and rebuild the entire experience. This week, that startup, Expetitle, announced it has raised $850,000 in seed funding. The digital title company, which started writing policies in Florida this year, is part of a growing proptech sector in South Florida….
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Now Available On Demand: Nimble Real Estate – How Jamestown is Using Data Analytics, Crowdsourcing, and Incubation to Innovate in CRE
CREtech
Michael Phillips of Jamestown and Emily Wright of Estates Gazette review the rapidly changing world of data-driven real estate management. Getting an edge through innovation hubs, crowdsourcing, data analytics, and curated tenancies has made a huge impact on Jamestown’s business. Financial analysis still matters in building and growing a portfolio—but enrichment of the tenant experience is quickly emerging as the true value driver. Michael covers all the bases in this fast-paced discussion with …
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Europe’s Big Oil Companies Are Turning Electric
The New York Times
Late last month, Royal Dutch Shell won a deal to build a vast wind farm off the coast of the Netherlands. Earlier in the year, France’s Total, which owns a battery maker, agreed to make several large investments in solar power in Spain and a wind farm off Scotland. Total also bought an electric and natural gas utility in Spain and is joining Shell and BP in expanding its electric vehicle charging business.
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Short-term rentals are outperforming hotels, here’s how one company is helping property owners
Housingwire
After COVID-19 paused travel, short-term rentals actually fared much better than hotels year-over-year, a new study said. As of June 21, short-term rental revenue per available room was down just 4.5%, while hotel revenue per available room was down a full 64.8% than the previous year. This decrease in hotel revenue occured despite the fact that the hotel average daily rate increased 31.9% during that period, compared to the 23.2% increase in average daily rate for 1-bedroom or studio rentals, a…
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Amazon Plans Office, Hiring Expansion in NYC, Denver, Dallas
The Real Deal
Amazon is planning to expand its offices in six major U.S. cities, just weeks after announcing plans to double down on its fulfillment centers and warehouses. The tech giant plans to add new hubs in New York, Phoenix, San Diego, Denver, Detroit and Dallas, which will bring about 3,500 corporate jobs, the company announced on Tuesday, according to the Wall Street Journal….
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Greycroft Proves Some VCs Didn’t Slow Down During The Pandemic
Crunchbase
Greycroft has been busy. A month ago, I noticed a lot of the funding stories I was writing listed the New York-based venture capital firm as either the lead investor or as a participant in the fund raise.
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Cadre Halted Buy of Jared Kushner’s Stake
The Real Deal
The real estate investment startup, co-founded by CEO Ryan Williams and Jared and Joshua Kushner, was prepared to take over Jared Kushner’s stake in the firm back in February. But in the face of the coronavirus pandemic, the company was forced to cut costs, including the purchase of the White House adviser’s shares, according to Bloomberg.
