Prior to March 2020, a disruption in the tech world was viewed as innovative, bold and creative. Back then, VCs viewed those tech disruptors in much the same way.
Then the pandemic came, illustrating just how essential these tools had become to commercial real estate.
"Broadly speaking, in the narrative arc of the real estate market as the end market, the short answer is almost everything changed in terms of disruption and flux," laments Zak Schwarzman, general partner of MetaProp. "But juxtaposed with PropTech, what's changed is much, much less."
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