2023 Proptech Jobs Index

The proptech industry globally saw the addition of 17,317 new jobs in 2023.
Hybrid and remote roles made up 7,083 of the total jobs added globally in 2023.
Globally, 59% of all new jobs in 2023 were Onsite/In-Person.

The proptech sector in 2023 has showcased a dynamic growth trajectory, reflecting the rapid integration of technology into the real estate market. This year's job report highlights key trends in employment, emphasizing the sector's response to evolving work models and regional market demands.

In 2023, the proptech industry globally added 17,317 new jobs, marking a 6.56% decrease from the 18,533 jobs added in 2022. This slight decline suggests a phase of consolidation in the proptech job market, led by high inflation and macroeconomic headwinds throughout the year. Despite the decrease, the sustained addition of a significant number of jobs indicates the industry's robust health and growing influence on the global real estate landscape. The figures underscore the proptech sector's resilience and ability to adapt and thrive amidst varying market conditions.

“The proptech jobs market continued to evolve in 2023, embracing more flexible work models in North and South America while maintaining a strong base in on-site roles, in Europe and Asia,” Ashkán Zandieh, co-chair and founder of the Center for Real Estate Technology & Innovation (CRETI). “This is crucial for fostering a global balance of innovation and operational effectiveness in an industry at the intersection of technology and physical spaces.”

Hybrid & Remote Jobs

A notable trend in 2023 has been the rise of hybrid and remote job opportunities within the proptech sector. Out of the total global job additions, 7,083 were hybrid/remote roles. This shift towards flexible work models demonstrates the sector's adaptation to modern work preferences and the increasing feasibility of remote operations in technology-driven real estate.

In-Person & On-Site Jobs

Despite the rise of remote work, onsite roles surged in 2023, with 10,234 on-site jobs added globally in 2023. This emphasizes the importance of physical presence in certain aspects of real estate technology, particularly in areas requiring direct interaction, site management, and implementation of physical tech solutions.

Methodology

The Center for Real Estate Technology & Innovation (“CRETI”) defines venture capital investing in real estate technology (“proptech”) companies and adjacent companies and/or industries as a form of private equity financing that is provided by venture capital firms, funds, and/or organizations to startups, early-stage, late stage, and emerging companies. CRETI defines venture capital funds as a collection of capital raised to invest in a company for a current and/or future equity position. CRETI also includes funds raised by any organization, including but not limited to real estate organizations, with the primary intent stated above.

The Center for Real Estate Technology & Innovation (“CRETI”) defines job, jobs, and/or labor in real estate technology (“proptech”), real estate, and/or real estate adjacent industries as a paid full-time or part-time position of employment.

CRETI indexes and analyzes the proptech jobs market primarily by sourcing publicly available, paid, and/or open third-party data sources.

Disclaimer

Investing in startups, including but not limited to proptech startups, is risky. The information provided by CRETI should not be used to make investments in startups. Please consult an investment professional before making any investment.