News and reports on the urban tech sector from the Dreamit Ventures team
There are now about 50 million rental homes in the U.S. with 100 million tenants. And this does not even include commercial spaces. The gatekeepers of this huge market are property managers, notoriously busy people who often manage dozens of properties, all with different needs and requirements. Property management still lags behind other industries in terms of innovation, but managers increasingly see tech products as a way to differentiate their spaces and to save money. This webinar is focused on how to sell to property managers.
The team at Strategic Property Partners, the joint venture between Bill Gates' Cascade Investment and Jeff Vinik, owner of the Tampa Bay Lightning, recently announced a name for their $3B urban redevelopment project: Water Street Tampa. Learn about the project here.
The prop tech market is ready for major growth. Investor confidence in the sector has risen to 8.3 from 8.2 and startup confidence jumped to 7.3 from 6.6 on a scale of 1-to-10, according to the MetaProp Index. These numbers suggest that large real estate incumbents are more eager and willing to adopt tech products created by startups.
Urban technology is a broad category and encompasses startups that operate within a number of other more obviously recognizable sectors, including construction tech, IoT, energy efficiency, big data, prop tech and more. It becomes a little easier to understand what urban tech means when you know about who urban tech actually is. With that idea in mind, here are some of the leading voices in this new movement that is transforming the way we live in and interact with cities.
Urbanization is a defining process of modern life. More than half of the world’s population now lives in cities, and the number of urban citizens around the world is projected to rise to 66% by 2050. Tech startups will play a critical role in enabling cities to function properly.
Tampa has a lot going for it, not the least of which is the $3B Urban Redevelopment Initiative being led by Strategic Property Partners, a joint venture between Jeff Vinik and Bill Gates’ Cascade Investment. This tremendous undertaking will create up to 9,000,000 square feet of new commercial, residential, entertainment, cultural, and retail space.
Dreamit UrbanTech was created in partnership with Jeff Vinik and his $3B urban redevelopment of the Tampa waterfront (Forbes: Why Jeff Vinik and Bill Gates are Investing $3B in Tampa). Dreamit CEO Avi Savar and Chief Innovation Officer Steve Barsh sat down for a webinar Q&A with Jeff Vinik about the accelerator, the project in Tampa, and the future of cities. Watch the AMA here.