Press Release

The Real Estate Board of New York Launches 2022 PropTech Challenge in Partnership with NYSERDA and Commercial Observer

REBNY Press

February 2, 2022

This Year’s Challenge Theme is “Getting to Carbon Net Zero” and Focuses on Sustainability and Reducing Emissions Throughout the Built Environment

REBNY Calls on PropTech Community to Review Sustainability Focused Problem Sets and Submit Proposed Solutions, with Finalists to be Showcased at Event on April 19

New York, NY – The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, in partnership with New York State Energy Research and Development Authority (NYSERDA) and Commercial Observer, today launched the 2022 PropTech Challenge. This year’s PropTech Challenge theme is “Getting to Carbon Net Zero” and will focus on sustainable development and ongoing efforts by the real estate industry to reduce carbon emissions throughout the built environment. 

REBNY kicked off the Challenge by calling on PropTech vendors and other technology leaders to review this year’s problem sets at PropTechChallenge.com. As in years past, these problem sets are representative of questions that the real estate industry must address through the use of innovative technologies.

Any members of the PropTech community who wish to participate in this year’s Challenge must submit their proposed solutions to the problem sets by March 18 at 5pm ET.

The Challenge will culminate in an event on April 19 that will showcase the finalists whose proposed solutions show the most promise for advancing industry decarbonization goals. 

The PropTech Challenge event in April will feature live demos, panels from real estate and sustainability thought leaders, and networking opportunities – highlighting leading technology solutions that focus on four different categories of sustainability:

“REBNY and its members are continuing to elevate the conversation around PropTech in New York City – and just as that conversation continues to expand, so has our PropTech Challenge,” said REBNY Chief Technology Officer Chris Beach. “We’re excited that this year’s Challenge will bring together an increasingly diverse array of stakeholders – including our partners at NYSERDA and the Commercial Observer – to answer critical questions about the role that new technology will play in decarbonizing buildings across the city and helping the industry to address climate change.”

"Local Law 97, which drives carbon neutrality, will change the landscape of New York City real estate for decades to come,” said Sandy Jacolow, Co-Founder of the PropTech Challenge and Chief Information Officer at DLP Capital. “Our 2022 REBNY PropTech Challenge is designed to seek out and raise awareness of innovative technology solutions helping landlords and tenants collaboratively achieve Carbon Net Zero. We're excited to share these creative ideas, making a difference and leading the way as only New York City can do."

“To achieve New York’s nation-leading climate goals and reduce carbon emissions in buildings, we need private sector leadership and innovation,” said Janet Joseph, Senior Vice President for Strategy and Market Development, NYSERDA. “NYSERDA is excited to partner with REBNY on this year’s PropTech Challenge and send a clear signal that now is the time for best-in-class solution providers from around the world to bring their technologies and services to New York and work with us to decarbonize buildings and create better places to live and work.”

"PropTech is playing a critical role in improving the built environment. Harnessing the ingenuity of the PropTech industry will help the real estate business make forward-thinking decisions that result in a cleaner, more stable, more sustainable planet,” said Max Gross, Editor-in-Chief, Commercial Observer. “Sustainability should be at the top of any serious real estate professional's agenda, and Commercial Observer is thrilled to partner with REBNY to bring more awareness for the cutting-edge work and solutions that are making the built environment an ally of the natural one.”  

Those interested in the 2022 PropTech Challenge are invited to visit PropTechChallenge.com to learn more.

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