ConTech: Can it save CRE from rising construction costs?

Investors are pouring funding into construction technology startups at a record pace, with big implications for the real estate industry. Venture capitalists invested US$1.05 billion in construction technology-focused startups in the first half of 2018—a record high. That’s 30 percent more than the 2017 total, with six months still remaining in the year, according to recent research from JLL.

“The construction sector is on the verge of major disruption—for the better,” says Todd Burns, President of Project and Development Services, JLL.

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Source: The Investor