Proptech Bubble Deflates As Startups Swallow Lower Valuations
After years of exuberant dealmaking, the proptech industry is facing a reckoning.
Proptech unicorns that raised boatloads of cash and went public with promises to disrupt the multitrillion-dollar commercial real estate industry have seen their valuations plummet in recent months. The sector’s losses have outpaced the overall market drop this year as the Federal Reserve has taken aggressive measures to curb inflation.
Published onJune 22, 2022
By JLLT Technologies