PropTech: The Intersection of Property and Technology

PropTech, the marriage of property and technology, is the focus of this podcast episode. Two global tech leaders, John Stecker from Blackstone and Sandy Davay from CBRE, provide insights into the impact of technology on real estate. PropTech encompasses building management and analysis systems, accounting platforms, and tenant management platforms. It also extends to areas like cybersecurity and financial technology. The guests emphasize the importance of being a tech-enabled real estate business and discuss the transformative role of AI in areas like space planning, efficiency, and building operations. They highlight the potential for AI to optimize power consumption, enable intelligent space planning, and improve tenant experiences. The speakers envision a future where AI is integrated into daily workflows, enhancing decision-making and productivity. They also emphasize the significance of data in driving insights and market intelligence in the commercial real estate advisory space.