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PropTech report The CRE industry has reached a tipping point as PropTech adoption hits a critical mass threshold.

HOUSTON—Survey respondents, some 90% of global executives, think consolidation is needed for PropTech to prove its ROI and more effectively deliver on the needs of the commercial real estate industry. In fact, 33% of US executives predicted that consolidation will be well underway within the next 12 months. Specifically, areas of PropTech most likely to experience consolidation include property management, property transactions and listing services, and financing and lending firms.

Like many industries moving towards automation and increased connectivity, commercial real estate is grappling with the costs while anticipating its benefits as it continues to impact data usability and the future of work. Altus Group Limited, provider of software, data solutions and independent advisory services to the global commercial real estate industry, released its latest annual CRE Innovation Report that provides an outlook on technology trends and highlights the digital transformation impacting the global CRE industry.

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