Proptech Insights Survey: Review the results
IREM’s annual survey explores how and why property managers are using proptech. The survey focuses on building-level technology and reveals insights around the use of drones, 5G technology, smart contracts, and other technology applications in real estate management.
- Over half of respondents have implemented some type of proptech at their properties
- Drones/photogrammetry remain the most widely used technology. Use of drones for conducting inspections was over 2.5 times more common than the previous year
- Difficulty of determining ROI was the biggest hurdle when implementing new technology, followed by overall cost and integration of multiple systems
- Property management teams remain key players in proptech decision-making, either alone or in collaboration with other departments
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