So what a fast moving world we are seeing now in the property sector. . Watch for huge changes here. There are so many movers and shakers here, each trying to be be the one to disrupt this industry. Some wil succeed. No old business models are safe as knowledge, technology, and lean and agile management take hold.
We are watching 4 companies at the moment who have all received major funding to drive the space they are in to a disruptive place.
These are WeWork, now the largest office owner in New York. The company has gone to market looking to sell a $500m bond. It released some eye watering figures in its pitch: 220,000 users, 255,000 desks in 20 countries, revenue per person of just under $7,000. They commited to pay over $5billion in rent by
Lemonade- seeking to disrupt the hundreds of years old home insurance business. They also ahve just announced a signup with Roomi.
Open Door- What is this model about?? They are buying, buying, buying.
Katerra- a new development company with huge ideas. Buy your home directly from the people that built it. The roofers, blockies, window fitters. carpetners, plumbers, sparks, painters , kitchen makers , designers, enginners, etc etc. all on technology to speedup development and reduce waste. Lean mean cosntruction driven by the diverse really skillful teams.