In this Weekly Radar, we cover:

• The GEM Proptech Index increased 3.97% from the previous week.
• The New Mexico MLS’s decision to require floor plans for listings by 2025 is a win for companies like CubiCasa and FloorPlanOnline, setting a precedent for other MLSs to follow in modernizing real estate marketing.
• NFX’s Partner James Currier predicts the resurgence of consumer tech startups driven by advancements in AI, opening opportunities for companies aiming to create the next unicorn.
• Yardi Systems’ acquisition of Deskpass and Hubble signals their strong investment in flexible office spaces, intensifying market consolidation and leaving questions about the survival of smaller coworking operators.
• CBRE’s $400M acquisition of Industrious introduces a new business model integrating operations and workplace experience, positioning CBRE to lead innovation in flexible workspaces globally.
• Divvy Homes’ acquisition by Maymont Homes highlights the challenges of scaling alternative homeownership models, casting doubt on their viability despite continued hopes for innovation in the sector.

As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links, please consider GEM Diamond membership.

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Transmission Recap:

This week, Brad Hargreaves explored solutions that have emerged to make it easier for multifamily owners to find—and integrate—technology, and aim to alleviate the industry's tech fatigue. Before that, we looked forward to proptech in 2025 with the explosion of data required for the rise of the machines leading the way...a selection of GEM members share a range of trends and predictions heading into the year ahead.

BIZ INTEL

PROPTECH INDEX WEEKLY
By: Community Relations

Consisting of 29 stocks, the GEM Proptech Index had a combined market cap of $225.853B, an increase of 3.97% from the previous week.

Compass shares surged this week after the company announced on Wednesday a raised Q4 and full-year earnings guidance. Expected Q4 revenue is now expected to be between $1.36B and $1.39B (up from $1.225B-$1.325B). The company also reported a 50% YoY growth with 650 organic new agents.

Stay tuned for our quarterly earnings update as full Q4 results are released soon.

REAL ESTATE

ALL HAIL FLOOR PLANS
By: Drew Meyers

The New Mexico MLS (NMMLS), which serves 1,175 subscribers, will "make floor plans a required element of all residential, rental, and multi-family property listings, effective in early 2025," according to a press release.