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Proptech, short for property technology, is the use of technology to improve user experience and extract value from real estate. It has seen explosive growth over the past few years, with many high-rise and standard apartment and condominium dwellings in and near metro centers. This represents an opportunity for technology solutions providers to deploy and maintain security, life-safety, and automation systems. Proptech also offers tenants and owners more robust management of access control systems, intercoms, surveillance systems, and management platforms.
