Real Estate Tech - Issue #19

Fifth Wall, a VC firm that focuses on innovation and technology for real estate, is now a certified B Corporation, emphasizing the shifting mindset on sustainability overall and paving the way for other VCs. The real estate industry accounts for 40% of the world’s consumption of energy while emitting 30% of total global greenhouse gases, and using 40% of its raw materials.

Recent advances in building access control and automated building management technology that improve occupant health and safety have been greeted enthusiastically by those employees expecting to return to commercial offices over the next several months.

The speed of proptech adoption should be watched closely by investors, entrepreneurs and incumbents alike.

Yes, the pandemic has caused some to flee New York and other cities. Whether the trend builds depends on the recovery.