The Proptech Blues

One of the hottest niches in commercial real estate during the pandemic was property technology, or proptech. New ways of doing things and of tracking data became uber-popular as investors and owners sought to wring as much value out of their assets during tough economic times. Well, according to a new survey, there’s not as much interest in proptech as there used to be. Plus, Goldman Sachs is doubling its office space in a Downtown Miami tower and Florida braces for the economic impact of Hurricane Ian.

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— Tom Acitelli, Co-Deputy Editor

Proptech Founders and Investors Sour on the Sector: Survey

The positive outlook so prevalent a year ago has rolled back. At least that’s the case in the near term as leaders in the space expect a wave of consolidation and layoffs.

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Goldman Sachs Doubles Miami Office at Southeast Financial Center

The investment bank inked a 35,000-square-foot lease at Southeast Financial Center, where it's been based since 1988. The deal closed this month.?

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Florida Braces for Hurricane Ian’s Economic Impact

Still, experts say Hurricane Ian could turn costly as it runs through Florida’s heavily developed and populated coast. Damages and economic losses could exceed $45 billion, according to a disaster modeler with Enki Research.

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