In today's rapidly changing world, the real estate industry is increasingly recognizing the significance of Environmental, Social, and Governance (ESG) factors in shaping its operations and reputation. ESG encompasses a broad range of considerations, including environmental sustainability, social responsibility, and good governance practices. As stakeholders demand greater transparency and accountability, real estate companies are embracing ESG as a crucial framework for sustainable development.
Over the past decade, technology in real estate, most commonly referred to as PropTech, has revolutionized how we buy, sell, lease, manage, and maintain properties. And like other technological breakthroughs, it is constantly innovating and reinventing itself.
TORONTO, Ontario, May 29, 2023 -- iRestify, a leading provider of cleaning and building maintenance services for office and multi-family properties across the US and Canada, is pleased to announce the appointment of Karl Sowa as CEO. With a proven track record of scaling profitable, high growth technology-driven service companies, Sowa is focused on expanding iRestify to new markets across North America.
Smart building technology is, in the broadest definition, the use of technology to make buildings more responsive and intelligent and has the effect of improving their performance.
Businesses across different sectors have been leveraging data to streamline their business, reduce costs, develop marketing strategies, and increase revenues. The real estate industry is no different.
What is ConTech?
ConTech, or ‘Construction Technology’ in its broadest sense, refers to adopting technology solutions in the construction sector. Technology has been employed in various ways; many ConTech solutions aim to increase efficiencies and reduce construction costs, from the planning and designing stages to the construction and, ultimately, the management of the finished building.
Most people will have heard of the concept of blockchain and may have a basic understanding of what it entails. Until recently, the term ‘blockchain’ was synonymous with cryptocurrencies, such as Bitcoin. Most people will associate blockchain with cryptocurrencies such as Bitcoin and Ethereum.
The challenges of managing building maintenance services can be daunting for property managers and are growing even more so with rising inflation.
In light of recent news about its extent and effects, inflation, in combination with tight labour markets, is compounding the rising wages in the frontline service workforce.
The Toronto entrepreneurs discovered that, despite all the high-tech tools available for property and maintenance managers, the digital revolution had largely overlooked the basic necessities of cleaning and maintaining buildings.
In 2020, iRestify lost most of its business during the pandemic, now after experiencing revenue growth of 400%, the company is expected to triple its current footprint by the end of the year.