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Proptech
Proptech is property technology: tools and systems used across real estate operations, buildings and related business activities.
Proptech, short for property technology, is the use of technology across real estate activities. It can include property-management software, building systems, data tools and technologies that support how space is operated or used.
Proptech is a broad category rather than one product or one kind of automation. JLL's examples include established software and building technologies as well as artificial intelligence.
Sources: JLL: AI and the Evolution of Proptech (2023); JLL: Investing in Technology (2022).
Frequently Asked Questions
Does proptech always use artificial intelligence?
No. JLL describes AI as part of a longer development of real estate technology. Property-management software and other building or data systems can also fall within the category.
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