real estate

real estate

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.

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As the world emerged from the pandemic earlier this year, the well-off didn’t hold back on bookings at AvantStay Inc.’s high-end homes for family retreats or celebrating with friends.

While traditional hotel chains were decimated by a precipitous drop off in overnight stays, the West Hollywood-based staycation business is seeing booming times in many of its far-flung, short-term rental spots that are short drives from big metropolitan areas or in hidden Shangri-Las.

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Armed with nearly $3 million, a list of prominent investors and tens of thousands of users, the apartment rental platform PocketList looked like a startup poised to take off.

CEO and co-founder Nick Dazé touted the proptech software that let potential renters get an inside peek at apartments before being listed as technology that "turned the entire rental market on its head." He sold it as a way for landlords to save billions of dollars by cutting down turnover time between tenants and assured renters access to honest, up-to-date information about units before they went online.

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