The New York City Economic Development Corporation (NYCEDC) announced the selection of JLL Technologies (JLLT) as the City’s key partner to launch the citywide Property Technology (Proptech) Piloting Program to benefit city-owned and -managed assets.
The Proptech Piloting Program will seek to find innovative proptech startups that are interested in working with NYCEDC, Department of Citywide Administrative Services (DCAS), and New York City Housing Authority (NYCHA) to improve quality of life for tenants and address building sustainability.
“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 program’s goals,” said NYCEDC President and CEO Rachel Loeb. “This program will go a long way toward rethinking how proptech is used and pave the way for technology to help bridge the digital divide and drive a more equitable recovery.”
“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,” said Yishai Lerner, co-CEO of JLLT.
Under this initiative, JLL Technologies, NYCEDC, NYCHA, and DCAS aim to bring the benefits of proptech to underinvested buildings and underserved communities, helping to drive more equitable access to technology. Further, the company will offer recommendations for startups whose technologies and innovations can be piloted in live environments.
“Proptech can help reduce energy use and emissions from City facilities and improve the way these properties are managed,” said Dawn M. Pinnock, acting commissioner of the NYC Department of Citywide Administrative Services.
“It’s great to see NYCEDC harnessing the power of New York’s growing tech ecosystem to make the city’s buildings healthier and more efficient,” said Jonathan Bowles, executive director of the Center for an Urban Future. “Hopefully this will both improve quality of life for tenants and give a boost to the city’s emerging prop tech sector.”
In November of 2019, Deputy Mayor of Housing and Economic Development Vicki Been announced the City’s intention to create a proptech piloting program to leverage the City’s real estate portfolio to support sustainability, operations management, and public health.
Real estate professional services company JLL has operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021.