2022 Proptech Jobs Report

U.S. proptech employment added 9,492 jobs in 2022, a proxy for the health and wellness of the real estate technology industry.
Jobs data reflected a shift from conventional in-person to hybrid/remote in Q4 2022.
Markets shudder following a focus on inflation and economic headwinds.

The real estate technology (“proptech”) labor market is often viewed as a proxy for the health of the proptech ecosystem. Jobs are closely tied to financial and venture capital activities. When the macro proptech economy is strong, startups and real estate organizations tend to hire more employees, leading to a decline in unemployment.

Since January 2022, the US proptech labor market added 9,492 jobs. 53.4% of jobs were conventional in-person, while 46.6% were hybrid/remote. The most significant growth came in Q1 2022, with 3,650 new jobs brought to market by employers, representing 34.5% of new jobs in 2022.

“Despite economic headwinds, the proptech industry’s job market remained strong in the U.S.,” said Ashkán Zandieh, co-chair and founder of the Center for Real Estate Technology & Innovation (CRETI),

In-Person & Hybrid/Remote Jobs

Conventional in-person jobs outpaced hybrid/remote jobs throughout the first half of 2022. The market began to shift in Q3 and fully titled in Q4 when hybrid/remote jobs represented 60.1% of all new jobs and closed out the year 71.9% higher in December when in-person jobs came to a near standstill.

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.