2023 Spring Issue - 72
and wi-fi, " is very comfortable with an increased digital
presence in their lives. "
Adler now foresees a third wave in which buildings
are wired to gather enormous amounts of data,
which will allow building owners to monitor operations
in real time and gain new insights about how
their properties are used and find ways to create
additional value. " This is more acute in the commercial
space, but now it's also spreading in the
residential space, where you have sensors on the
water heater, you have sensors on the HVAC system,
the thermostat is talking, the smart locks are talking, "
Adler says. Such information can enable owners to
optimize and cut fast-rising expenses.
Apartment managers also conceivably could use
In 2022, venture capital
firms invested nearly
$20 billion in proptech
startups. Use of
technology like sensors
on water heaters, HVAC,
and thermostats
is quickly spreading
from commercial
to residential use.
the sort of people-counting sensors installed in office
buildings to gather anonymous data on how much
tenants are actually using various amenity spaces,
says an article on the website of Homebase, a smart
building solutions provider. That could help managers
better provide what tenants want. Jason Diamond, an
Atlanta-based digital practice manager for architecture
firm Perkins & Will, says developers increasingly
gather as much predictive data as they can during the
design process. He sees a rising trend of using software
to visualize operating data across an entire portfolio
of buildings. " Once you have a lot of properties
and they're spread out all over the place, or even if
they're concentrated, you gravitate toward a modernized
system of capturing all that data, " he says.
Using Data to Streamline Transactions
Dealpath, a proptech company with dual headquarters
in San Francisco and New York City, has carved
out a lucrative niche by creating software that enables
real estate firms to manage the mountains of data
involved in investment decisions.
When the company started out nine years ago,
" we saw two fundamental challenges in real estate, "
says cofounder and chief executive officer Mike
Sroka. First, there was no common data structure, he
says, meaning " professionals and teams and firms
had to spend a lot of time, money, and energy monitoring
a variety of data sources and manually trying
to compile and format that information, which almost
instantly was lost again in spreadsheets and emails. "
That problem was compounded by the complex workflows
for transactions, which required collaboration
among different internal teams.
Since then, Dealpath's information management
platform has supported $10 trillion in transactions,
and clients are able to evaluate 20 percent more
72
URBAN LAND SPRING 2023
COURTESY OF SMARTRENT
2023 Spring Issue
Table of Contents for the Digital Edition of 2023 Spring Issue
2023 Spring Issue - Cover1
2023 Spring Issue - Cover2
2023 Spring Issue - 1
2023 Spring Issue - 2
2023 Spring Issue - 3
2023 Spring Issue - 4
2023 Spring Issue - 5
2023 Spring Issue - 6
2023 Spring Issue - 7
2023 Spring Issue - 8
2023 Spring Issue - 9
2023 Spring Issue - 10
2023 Spring Issue - 11
2023 Spring Issue - 12
2023 Spring Issue - 13
2023 Spring Issue - 14
2023 Spring Issue - 15
2023 Spring Issue - 16
2023 Spring Issue - 17
2023 Spring Issue - 18
2023 Spring Issue - 19
2023 Spring Issue - 20
2023 Spring Issue - 21
2023 Spring Issue - 22
2023 Spring Issue - 23
2023 Spring Issue - 24
2023 Spring Issue - 25
2023 Spring Issue - 26
2023 Spring Issue - 27
2023 Spring Issue - 28
2023 Spring Issue - 29
2023 Spring Issue - 30
2023 Spring Issue - 31
2023 Spring Issue - 32
2023 Spring Issue - 33
2023 Spring Issue - 34
2023 Spring Issue - 35
2023 Spring Issue - 36
2023 Spring Issue - 37
2023 Spring Issue - 38
2023 Spring Issue - 39
2023 Spring Issue - 40
2023 Spring Issue - 41
2023 Spring Issue - 42
2023 Spring Issue - 43
2023 Spring Issue - 44
2023 Spring Issue - 45
2023 Spring Issue - 46
2023 Spring Issue - 47
2023 Spring Issue - 48
2023 Spring Issue - 49
2023 Spring Issue - 50
2023 Spring Issue - 51
2023 Spring Issue - 52
2023 Spring Issue - 53
2023 Spring Issue - 54
2023 Spring Issue - 55
2023 Spring Issue - 56
2023 Spring Issue - 57
2023 Spring Issue - 58
2023 Spring Issue - 59
2023 Spring Issue - 60
2023 Spring Issue - 61
2023 Spring Issue - 62
2023 Spring Issue - 63
2023 Spring Issue - 64
2023 Spring Issue - 65
2023 Spring Issue - 66
2023 Spring Issue - 67
2023 Spring Issue - 68
2023 Spring Issue - 69
2023 Spring Issue - 70
2023 Spring Issue - 71
2023 Spring Issue - 72
2023 Spring Issue - 73
2023 Spring Issue - 74
2023 Spring Issue - 75
2023 Spring Issue - 76
2023 Spring Issue - 77
2023 Spring Issue - 78
2023 Spring Issue - 79
2023 Spring Issue - 80
2023 Spring Issue - 81
2023 Spring Issue - 82
2023 Spring Issue - 83
2023 Spring Issue - 84
2023 Spring Issue - 85
2023 Spring Issue - 86
2023 Spring Issue - 87
2023 Spring Issue - 88
2023 Spring Issue - 89
2023 Spring Issue - 90
2023 Spring Issue - 91
2023 Spring Issue - 92
2023 Spring Issue - 93
2023 Spring Issue - 94
2023 Spring Issue - 95
2023 Spring Issue - 96
2023 Spring Issue - 97
2023 Spring Issue - 98
2023 Spring Issue - 99
2023 Spring Issue - 100
2023 Spring Issue - 101
2023 Spring Issue - 102
2023 Spring Issue - 103
2023 Spring Issue - 104
2023 Spring Issue - 105
2023 Spring Issue - 106
2023 Spring Issue - 107
2023 Spring Issue - 108
2023 Spring Issue - 109
2023 Spring Issue - 110
2023 Spring Issue - 111
2023 Spring Issue - 112
2023 Spring Issue - 113
2023 Spring Issue - 114
2023 Spring Issue - 115
2023 Spring Issue - 116
2023 Spring Issue - Cover3
2023 Spring Issue - Cover4
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-spring-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-winter-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-fall-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-summer-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-winter-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022FallIssue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-summer-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ulm-winter-2022
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/summer-issue-2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/uli-spring-2021-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ULIWinter2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDFALL2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSUMMER2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSPRING2020
https://www.nxtbookmedia.com