Technology is changing the game of real estate in New York City. The technology behind the revolution, called proptech, is only going to become more critical as cities respond to climate change.
Looking for an explanation of the power of "proptech," technology designed to disrupt the real estate industry? Then look no further than New York City, where Crain's New York Business reporter Greg David shows how one real estate company is already putting proptech to work.
David starts the exploration with the example of NANTUM, a cloud-based operating system developed by the Rudin Management Company. Rudin has even created a subsidiary called Prescriptive Data to develop proptech. Examples of NANTUM at work include property managers responding to citywide mandates for temperature regulation across the entire Rudin portfolio, or using the technology to respond to power spikes after a power outage.
Despite the successes of the companies already in the proptech space, the number of traditional real estate companies pushing into proptech "can be counted on one hand," according to David.
New regulations might push NANTUM into the next level of scalability, according to David. "Nantum's biggest opportunity may come from the tough climate-change law passed by the City Council this year requiring a 40% reduction in large building emissions by 2030 and an initial cut by 2024." Proptech will become a necessity in the kind of regulatory environment established by laws like New York's new climate change law, according to sources cited in the article.
The article includes more details about the origins of NANTUM (the 2009 Obama stimulus package) and its partnerships with Con Edison, the utility in New York City.
Read the full story: Rudin's proptech firm is not your typical startup
Strong Reactions to New York Rent Control Changes
Rounding up the numerous reactions to a law approved by the New York State Legislature this month making 'landmark' changes to rent control regulations in New York City.
DSA members accuse Mamdani of 'abandoning values' over housing redevelopment
New York City's mayor plans to replace about 2,000 units of public housing with private, mixed-income housing.
NYC renovations for dangerous, ‘mercilessly crammed’ street delayed until 2027
Construction was supposed to begin this fall.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Study reveals best places in the U.S. for cycling, walking
New research from Streetlight Data examines bicycle and pedestrian miles per capita in the 100 largest U.S. cities by population.
DSA members accuse Mamdani of 'abandoning values' over housing redevelopment
New York City's mayor plans to replace about 2,000 units of public housing with private, mixed-income housing.
All sides of BRT debate unhappy with CDOT’s most recent move
The Colorado Department of Transportation is no longer considering center-running bus lanes for Colorado Boulevard.
Massachusetts bogs generate both power, and cranberries
Putting solar panels above farmland is one way Massachusetts is advancing toward its goal of net-zero carbon emissions by 2050.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello