The tech sector has been one of the major drivers of the London office market in recent years. You only have to look at the proliferation of tech businesses throughout the City fringe and elsewhere in the capital to see the dramatic effect of demand from the sector.
Colliers is the dominant letting agent in the City fringe and in the final quarter of last year, we let more than 250,000 sq ft in the market. In total activity was around 700,000 sq ft and reflects sustained demand from tech and creative businesses.
The property business itself was not an early adopter of tech but in the past two years there has been a rush of new innovation which is aimed at making the ‘mechanical’ aspects of property consultancy more efficient and, by doing so, liberate more time for the most valuable aspect of our work – the expert advice which requires experience and judgment.
In this context, a new initiative from Colliers has the potential to power profound change in our sector. We have launched an initiative with Techstars – a worldwide network which helps entrepreneurs succeed – to encourage new innovation in the property sector.
The Colliers Proptech Accelerator will provide early insight into companies and technologies that have the potential to provide value-enhancing strategies to our clients and improve our property skillsets and delivery.
The initiative will identify and mentor start-ups around the globe that are developing industry-disrupting technologies in the property industry.
The start-ups selected by the programme will be invited to an intensive 13-week course in Toronto which will be focused on the development and acceleration of technology-driven solutions.
Applications will open in February for the first Colliers Proptech Accelerator class so if you think you have an innovation which has potential but needs to be supercharged to the next level, there’s more information here
Head of Digital Marketing | UK & EMEA