Proptech has started disrupting and enhancing real estate market
Innovative solutions are boosting businesses and reinvigorating the commercial property sector
SA real estate investment trusts (Reits) were the year's worst-performing asset class on the JSE, and over the past year the bourse’s listed property index has lost half its value. Office occupancy was already down year on year at the end of Q1 2020. With the onset of the pandemic and the sudden shift from offices to home, workers were quick to adapt to tech-enabled daily communication and connection.
Technology enabled us to understand that work is something you do, not somewhere you go. Millions of people working from home works. CEOs and their executive teams now also know that remote working fits into a leaner operating model, one that is more attractive in challenging economic times...
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