Proxies are plentiful in high tech — stand-ins between network connection points. But there is the older meaning of one thing that substitutes and acts in the name of another.
The Center for Real Estate Technology & Innovation (CRETI), in its 2022 Protech Job Report, saw hiring of employees as "a proxy for the health and wellness of the real estate technology industry." And there is something to be said for that. When companies grow and expand, they hire. When they come upon hard times, they often do the opposite, laying off personnel.
CRETI sees proptech's position as strong, given numbers for last year. "Since January 2022, the US proptech labor market added 9,492 jobs," they wrote. "53.4% of jobs were conventional in-person, while 46.6% were hybrid/remote. The most significant growth came in Q1 2022, with 3,650 new jobs brought to market by employers, representing 34.5% of new jobs in 2022."
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