To delve into the 2021 outlook for real estate and its tech, Angelica Krystle Donati from Forbes enlisted the help of several leading global PropTech and ConTech VCs. They are Pi Labs founder Faisal Butt, Concrete VC founder Taylor Wescoatt, MetaProp cofounder and general partner Zach Aarons, RET Ventures partner John Helm, Camber Creek general partner Jeffrey Berman, JLL Spark APAC lead Anuj Nangpal, Taronga Group cofounder Jonathan Hannam and BuiltUp Ventures co-founding managing partner Oded Eliashiv.
Within the various predictions, Jonathan Hannam believes that there has been an erosion of internal barriers of resistance to tech throughout real estate in 2020, as a greater use of innovation and technology has become the only way of returning to some level of normality. He adds that “However, within the corporates, the major challenge remains implementation. Many corporates now want to drive change within their organisations but realise that change also requires a shift in culture and a different skillset. In order to address this, leading global real estate groups are now adding technologists to their boards and having innovation heads as a direct report to the CEO.”