Top 5 PropTech Companies To Watch
Dottid may be one of the few PropTech companies in DFW, but that doesn’t mean that PropTech isn’t on fire elsewhere. Technology is allowing long-established industries and markets to finally use new tools that will help improve their business by replacing inefficient methods with more streamlined, effective processes. Innovation has the potential to become the backbone of the entire commercial real estate industry, and we applaud pioneers in the space. Here are Dottid’s favorite PropTech companies that should be on your radar:
1. Occupier
Occupier is a transaction and lease management software that helps bring commercial tenants and brokers together to collaboratively plan and execute on their real estate strategy. The software allows real estate teams to collaborate and leverage their insights, overall increasing their productivity, and similar to Dottid, they focus on providing an intuitive workflow for their user. In 2019, Occupier was also the Real Estate Tech Awards (#RETAS) winner in the Transactions category, presented by CREtech (cretech.com), the largest event, data, and content platform in the commercial real estate tech industry.
Why Dottid likes Occupier? As they are tenants first, they understand the space from a tenant’s perspective. However, they have engaged corporate real estate players to streamline their lease transaction efficiency.
2. Measurabl
Started in 2013, Measurabl is the world’s fastest-growing ESG software for commercial real estate. Their SaaS platform and automation tools make it easily able for more than 6 billion square feet of commercial property across 67 countries to collect sustainability data, analyze performance to identify new areas of optimization. Earlier this year, they also raised $18.7M to expand the ESG data management platform into commercial real estate where ESG indicators will be held comparable to traditional financial metrics.
Why Dottid likes Measurabl? With a heightened focus on ESG, Measurabl gives property owners the ability to understand their assets like never before and push the industry toward a cleaner future.
Measurabl is the world’s foremost SaaS platform for collecting, managing, disclosing and acting upon real estate ESG/sustainability data — helping to drive us toward a smarter tomorrow.
3. Enertiv
Enertiv’s platform helps improve efficiency and reduces operating expenses related to maintenance and repairs, utilities, and equipment CapEx reserves creating asset value for commercial real estate portfolios. It is designed to unlock and leverage every piece of building data, integrating with the existing software and infrastructure to take advantage of what’s already in place. The Enertiv AI then runs your data against their collected data library to help deliver more transparent and actionable insights where the platform’s value will only continue to grow as more systems are connected and more data is captured.
Why Dottid likes Enertiv? Enertiv ultimately makes building operations simple by utilizing data to lower costs, and by knowing how your assets are physically performing it gives the owners the ability to make smarter decisions.
4. HqO
HqO is the fastest growing tenant experience technology and services company providing software that puts new experiences, onsite retail and services, and a sense of community directly into the tenant’s hands. Not only is HqO known for its industry-leading technology, professional services team, and TeX certification services, but also their unique ecosystem of technology and amenity partners. By managing 90 million square feet, they have seen global growth in only under two years.
Why Dottid likes HqO? HqO understands that tenants desire an inclusive experience and their platform gives them options to connect inside the building.
Although there has been an increase in AVM’s in the real estate industry, Bowery Valuation hasn’t fully automated its process. At Bowery, the hybrid process between their team of veteran appraisers and proprietary software has allowed them to deliver more accurate, consistent reporting attracting high-profile clients like Capital One and Greystone. Their composite process is redefining the commercial appraisal space through big data, advanced technology, and extensive expertise.
Why Dottid likes Bowery? Innovations span the PropTech spectrum and Bowery has taken the antiquated appraisal process and revolutionized it through the quickest reporting run time in the space.
The rise of PropTech innovation and technology is quickly replacing the conventional business methods of the commercial real estate industry. Check out our top five PropTech companies that are aiming to change the landscape of the property sector.