The 20 most innovative companies in Real Estate (or PropTech)
This post is part of the Benchmark Series, listing the most innovative challenger companies in different traditional markets. These benchmarks are part of the Tuesday in the Design Sprints we do for our enterprise clients.
The Real Estate market is ripe for disruption and has long needed a shake-up, and an injection of investment and technology to drag it into modern times. Spotting this opportunity, Real Estate Technology players (or PropTech if you prefer) are using technology to disrupt and improve the way we buy, rent, sell, design, construct and manage residential and commercial property.
ATLANT is addressing two of the most pertinent problems in real estate with its decentralized blockchain platform: Tokenized Ownership (listing of real estate tokens representing shares in individual real estate assets and their liquid trading in a transparent and orderly market with price discovery) and global P2P Rentals (significantly reduced fees for both the tenant and lessor & minimized possibility of fake reviews and forged ratings, which plagues existing centralized services such as Airbnb and Booking).
Powered by big data, advanced technology, and extensive expertise, Bowery is redefining the commercial appraisal space. Bowery powers its appraisers with a cloud based commercial appraisal writing software and mobile application, allowing them to write full appraisal reports more than twice as fast as its leading competitors. Its powerful back-end database and natural language generator create increased efficiency, quality, and consistency firm-wide.
Buildium provides easy-to-use, affordable cloud property management software solutions to landlords, professional property management companies, and self-managed condos and homeowners associations.
Enertiv uses data to enhance building operations in commercial real estate portfolios, with a focus on office and multifamily buildings. We use a highly granular data set to design tools for making building easier to operate, healthier to occupy, and more profitable to own.
Flip is a marketplace for flexible housing. They make it easy to sublet, get out of your lease or find a flexible place to live. Flip’s platform handles the entire experience: digital qualification of incoming renters, rent payments, security deposits, legal documents and landlord approval.
Foyr is India’s first online, automated interior designer. Their mission is to solve real life problems through technology, innovation and design. They’re a varied lot of thinkers and doers, continually rethinking what’s possible to help us all do what we love in new ways.
hOM (iamhom.com)is a leading technology-enabled amenity provider that partners with residential and office properties to develop community by providing on-site fitness programming and unique events for tenants.
Huthunt is a first of its kind collaborative renting platform that helps connect people looking for roommates and apartments in a social, collaborative, and user friendly app! They help you find your next apartment, and a person you’ll love living with.
No Agent, UK
For decades now landlords have had two choices. Manage their own properties or pay a letting agent to do it. But now there is a new way for landlords to find tenants and manage their rental property professionally. No Agent’s innovative technology and in-house property expertise offers landlords a simpler, flexible and low-fee way to manage everything from start to finish.
Opendoor set out to reinvent life’s most important transaction with home sellers and buyers in mind. They’ve helped thousands of people sell their homes online in minutes, removing all of the headache, uncertainty and risk from the transaction.
Open Listings, USA
Open Listings’ mission is to make buying a home simple and affordable. They help anyone buy a home without an individual real estate agent. Buyers use their self-service platform to manage the process online — with expert support when needed — and get back half the commission that would typically go to their agent.
PeerStreet is a platform focused on democratizing access to real estate debt. The company provides investments in high-yield, short term, real estate backed loans. PeerStreet’s unique marketplace allows investors to diversify their capital in an asset class that has been traditionally difficult to access.
Purplebricks is the world’s fastest growing estate agent and offers customer a fairer, more transparent and convenient way to buy, sell, or let. Open 24/7, they’ve revolutionized estate agency across the globe. They’ve combined the personal touch of Local Property Experts with cutting edge technology and a central support team that puts customers in control of their sale.
Ravti makes heating, ventilation, and air conditioning (HVAC) easier for the Real Estate world. They track, manage, and procure HVAC for large property owners. Removing the headaches associated with HVAC from the Owner’s perspective while making it the easiest business on the planet for the Vendors that serve you.
RealtyShares is a real estate crowdfunding platform that provides accredited investors access to pre-vetted real estate investment properties and an opportunity to invest as little as $5,000 into each property.
Reposit provides an online alternative to the tenancy deposit system in the UK, providing affordability for tenants and enhanced security for landlords.
Riley provides lead qualification as a service. Real estate brokers buy leads and Riley Concierges text those leads basic questions within five minutes, qualify them, and pass them back to the realtor.
SEEABLE aims to make 3D & Building Information Models (BIM) asset information visible and accessible to a wider audience, creating easy, non technical access to key information. The 2D and 3D applications are delivered across multiple platforms.
SquareFoot is the marketplace that connects businesses with their ideal space. By re-engineering the leasing process from initial search all the way through touring and lease negotiations, SquareFoot is fast becoming the go-to destination for commercial real estate leasing. SquareFoot provides access to available inventory via its online listings platform alongside technology and tools that make the space leasing process easy, enjoyable, and efficient.
VR Listing, Canada
VR Listing is a full service real estate marketing company with a focus on immersive technologies. They provide cutting edge, turn-key solutions packaged for real estate agents, and are currently developing state of the art interactive technologies for other segments of the real estate industry.
Go Weekly brings ideas to life with Strategy and Design Sprints for Enterprises. Creating digital strategies, groundbreaking product concepts and visual prototypes. Working together with companies in Europe and North America to make a leap forward in their industry with new products that match or exceed the benchmarks in this series. Interested to think ahead with us? Get in touch.