JLL to steer NYC’s proptech strategy

New York has tasked JLL Technologies with finding proptech startups that will improve the life of tenants and the sustainability of buildings in the city.

The Proptech Piloting Program, launched by the New York City Economic Development Corporation, looks to drive innovation and improve “underinvested buildings and underserved communities”.

Working with the Department of Citywide Administrative Services and New York City Housing Authority on the project, NYCEDC will pilot suitable proptech platforms within city-owned assets.

The role of JLL Technologies, the tech and innovation division of JLL, will be to vet and recommend startups that are interested in working with city agencies. The company, whose role was announced at the Propel by MIPIM conference last week, will also offer recommendations for startups whose tech can be piloted in live environments.

Rachel Loeb, president and CEO of NYCEDC, said: “We have chosen JLL Technologies as our partner to help address the city’s unique needs because of their deep knowledge of the proptech sector, a steadfast commitment to sustainability and an alignment to the programme’s goals.

“This programme will go a long way towards rethinking how proptech is used and pave the way for technology to help bridge the digital divide and drive a more equitable recovery.”

NYCEDC identified three main objectives for the programme:

• Support the emerging proptech industry by making public infrastructure available to scale technology solutions
• Prioritise the needs of hard-hit and underserved communities
• Create a flexible platform that helps city agencies improve safety, health, sustainability and performance of city-owned assets

Once startups have been selected, a second programme operator – working with city agency asset managers – will oversee the contracting, deployment, monitoring and evaluation of pilots.

Yishai Lerner, co-CEO of JLL Technologies, said: “JLLT is proud to collaborate with NYCEDC, NYCHA and DCAS to find and deliver world-class proptech solutions that address the most pressing needs of the city’s tenants and properties.

“We are excited that this programme will help spur technology innovation in the sector and serve as a model for other cities as they strive to improve wellbeing, sustainability and more.”