Prop-Tech: Future-proofing property

By Mia Brown
News • Thoughts
24th February 22

Despite this, the built environment has been historically slow to adopt new technologies. Now, this is changing. The pandemic has accelerated a second digital revolution: unparalleled since the dot-com boom of the early 2000s.  

Prop-tech is the integration of technology and software to assist in real estate needs. A recent report by Deloitte indicates that 92% of CRE executives plan to maintain or increase prop-tech investments in the next 18 months. 

Prop-tech provides smart solutions to daily property problems. With the digital transformation of brick-and-mortar, buildings become smart buildings. 

Because buildings are not just bricks – they are data too. And once this data is harvested, connected, and utilised, buildings get better.  

Prop-Tech perks 

IoT and sensor technology provide buildings with real-time data and analytics. Multiple granular data points are generated to better monitor and understand how a space is used. Property portfolios can then be optimised, and cost savings pocketed.  

Prop-tech also enhances safety and security – through access control, occupancy management, smart lockers, temperature sensing, room ventilation and much more. Big data becomes thick data. IoT and cloud migration across a prop-tech stack ensures all data is reliably accessible, anywhere. 

Moreover, prop-tech drives sustainability. Buildings are inefficient: 30% of energy consumed in workplaces is currently being wasted. By understanding where we’re being wasteful – through sensors and data streams – there are serious gains to be made.  

Smart solutions take the burden off building managers and occupants in creating a healthy, flexible, and secure environment. By improving a building’s physical security posture, managing information flow, enhancing sustainability and occupant experience – these technologies will make buildings more efficient and profitable. Win-win-win. 

Here’s some of our top prop-tech picks: 

  1. Density – the world’s most accurate people counting platform is anonymous by design and provides real-time occupancy data 
  1. Kaiterra – award-winning air-quality monitors with unique modular design  
  1. Proxy – provides mobile-first, touchless access   
  1. Vpod – automates the routine through smart lockers and digital visitor management 
  1. Alcatraz AI – frictionless access control powered by AI 
Future-proofing 

Today, the most connected and future-proofed buildings offer more than a managed fibre backbone. Prop-tech is entering the mainstream.  

Occupants want technology that makes them more productive and helps to build a healthy, engaged workforce. Landlords want to optimise space usage and sustainability, while understanding what their people enjoy in the workplace.  

Increasingly, we will see CRE developers asking how they build a building around technology, rather than the other way round. The smartest of spaces will fuse the best of digital and physical: building a “phygital” ecosystem. 

Featured Stories & Insights

10th May 24

7 Ways Your Property Manager Can Help With Your Lease Renewal Cycle

Remarketing space is a nightmare at the moment. It’s so much easier to renew with...

Read More
30th April 24

How to Repackage Offices for Maximum ROI: Prioritise Benefits, Not Features

“Quite often, you come up with great ideas, but when we are all on Zoom,...

Read More

20th April 24

Property Awards 2024: TSP Named Finalists in 3 Coveted Categories

TSP is thrilled to announce that we have reached the final in three prestigious categories...

Read More
17th April 24

6 Striking Office Turnarounds

Discover six office refurbishments that have been strategically repackaged to win in today’s flexible market. 1. YY London –...

Read More
12th April 24

IN DEPTH – MIPIM EDITOR’S DINNER: Reasons to be cheerful: un, deux, trois

As featured in Property Week • Sponsored by TSP Guests at Property Week’s annual Editor’s...

Read More
10th April 24

Client Success Stories: How Bowel Cancer UK Saved £1m+

Bowel Cancer UK is a growing charity doing crucial work to fight Bowel Cancer. It’s...

Read More

View all

Let's Talk

Got a question? Use the form to get in touch.

    Sign up to our newsletter

    For updates on commercial property news and events.