Real estate, like seemingly everything else in the COVID era, had a weird year. 2021 saw a continued shift to a sellers’ market and an ever-increasing demand for short-term rentals.
For proptech companies, there has been a lot of opportunity—and money—in high-value homes and assets.
In the Los Angeles area, several proptech companies had an impressive year amidst the turmoil. Here’s our end-of-year look at some of the big moves in the sector.
Crexi has been one of the powerhouses of the Los Angeles proptech scene since it was founded in 2014, and 2022 was no different. The company allows users to buy, sell, and lease commercial real estate via their online portal. Led by CEO Mike Degiorgio, Crexi currently boasts over a half a million listings, and the Marina Del Rey-based company is hiring for a variety of positions as it continues to grow. 2021 saw the site close it’s largest ever deal when it sold a Las Vegas business park at auction for $205 million, setting a record for the largest single asset sale in an online transaction.
Four more to watch: AvantStay, Endpoint, RealtyMogul, Ylopo.