“From our point of view, what we’re seeing is the sector isn’t really used to innovation at this sort of a pace,” Leyton Senior Vice President Craig Hale said Thursday at Bisnow’s Boston CRE Tech Summit event. “You have to just pick a horse almost and bet who will go forward.”

There was $10B in funding toward commercial real estate technology in 2018, but PropTech companies raised $4.5B in the first quarter of this year alone, a more than 181% increase from the $1.6B raised in Q1 2018. The hefty sum this year is notable, as commercial real estate has been slower than other industries in embracing technology.

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