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ARTICLE · 28 MAY 2021

The Value Of PropTech In A Post-Pandemic World

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As the COVID-19 pandemic recedes and the workforce gradually returns to the office, the commercial real estate industry will rely on PropTech to adapt.

CanadaReal Estate and Construction
Natalia Iamundo
Natalia Iamundo
Michelle F. Yung
Michelle F. Yung
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As the COVID-19 pandemic recedes and the workforce gradually returns to the office, the commercial real estate industry will rely on PropTech to adapt. Building developers, construction companies and property managers will utilize PropTech to create more efficient, health-promoting and sustainable workplaces.

PropTech creates value in a myriad of ways including, for instance, in the areas of retrofits, smart buildings and safe workplaces. As the industry applies PropTech's new and enhanced technologies, there are several legal considerations that should be addressed.

The Value of PropTech

PropTech describes a movement and shift in mentality within the real estate industry to begin looking to technology-driven innovation in data assembly, transactions and the design of buildings and cities as the way of the future. PropTech creates value that not only achieves efficiencies and cost-savings but also promotes healthy and sustainable workplaces.

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