Proptech Insights Survey: Review the results
IREM’s annual survey explores how and why property managers are using Proptech, the digitization of the real estate industry. The survey focuses on building-level technology and reveals insights around the use of drones, 5G technology, virtual/augmented reality, and other technology applications in real estate management.
- Drones/photogrammetry is the most widely used technology
- Cost is the biggest hurdle when implementing new technology, followed by integration of multiple systems
- Property management teams are involved in Proptech decision-making, either alone or in collaboration with other departments, at a rate of 68.7%
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