Building Management ranks No.2 on Proptech Map

There are 69 companies in the Asset & Facilities Management category of the 2026 Proptech Map, which makes it our second-largest cluster, and arguably our most consequential.

Why do we say that? This genre of technology will stay with a building for 60 years and more, whereas other segments, such as sales and marketing technologies, might touch a property and its owner for perhaps a few months before a transaction is complete and the world moves on.

Three forces are converging on the people who run buildings: 

1. A two-tier office market that rewards proven performance 

2. A compliance regime that has turned the maintenance log into a financial document, and 

3. A trades shortage that makes reactive maintenance unaffordable. 

Each of those is, at heart, a data problem, and that's exactly where our community's expertise in assets and facilities management now sits.

A market that rewards proof, not promises

The Property Council of Australia's Office Market Report, released 5 August, put national office vacancy at 16.1%, up from 15.8% and the highest level in 31 years. 

Read only the headline, and you'd conclude the sector is in retreat. Look closer, and a different story emerges. 

CBD vacancy barely moved, and CBD markets posted positive net absorption over the first half of the year. Premium-grade vacancy actually fell, down 1.2% to 10.2%, with Brisbane's CBD now the country's tightest office market. CBRE's read of the same release found prime assets absorbing 91,000sqm while secondary stock shed 69,000sqm. 

The current market appears to be rewarding owners who can prove performance rather than simply advertise it.

Compliance is reinforcing the same lesson. Mandatory climate reporting under AASB S2 began for Group 2 entities from 1 July 2026. Scope 3 emissions reporting (tenant energy use) becomes mandatory next year. This means owners will need metered, building-level data rather than estimates. 

Insurer Bellrock's July market update found premiums running flat to down 5% for clean risks, but up 10%-25% wherever maintenance, defects or cladding raised a flag. 

Underwriters are now pricing the quality of a building's maintenance record directly, and with the residential trades shortage index sitting at -0.59 in Housing Industry Association's July report, few facilities teams can hire their way past any of this. Technology is their solution.

Five ways the sector is using technology

Group the 69 companies in our Proptech Map by what they actually do, and five clear plays emerge.

1. The work-order engine. This is the operational core of the category: Facilio, FMClarity, FMTrack, Core Vision, MRI Evolution, MRI Manhattan, mybos, NowYouCan, FacilityBot, i4T Global, zavanti, Zennexo, MIMOR, Onsite, inndox, Cirrus8 and InspectRealEstate all capture a request, dispatch the trade and keep the record. Alongside them, BOSS, DLP Manager and Seekly sell defensibility as much as efficiency – a strong signal of where this market is heading.

2. Eyes on the asset covers condition monitoring and digital twins: Asseti, Trendspek, Voltin, AI Assets, Willow, placeos, MAAS Solutions, Sensor Global and Adept Engineering are where predictive maintenance genuinely lives. Tellingly, most of them stress evidence as much as prediction, as a forecast an insurer can't verify is worth little.

3. The occupied workplace turns human presence into planning data: VergeSense, eptura, essensys, Equiem, MRI Workplace Central, MRI OnLocation, OfficeMaps, skedda, Workplaced, Sine by Honeywell, PAM, WiredScore, yellowbox, Groundfloor and Vennu. With in-office attendance climbing back toward four days a week, utilisation data now informs every space decision an occupier makes.

4. Access and movement is our most crowded field with roughly one company in seven featuring in this sub-segment. They are: Astute Access, igloocompany, Tedee, Portier and Secuber in smart access; BaseUp, DIVVY, Parkable, UbiPark, First Parking, Parking Spotz, Parksy and UrbanChain in parking; Mobiledock and DDI Labs in loading dock automation; Liftango in shared mobility; and ParkBooker in holiday parks.

5. Portfolio and lease intelligence  features MRI ProLease, MRI Asset Modeling, LeaseSuite, JLL and inclood, and this is where all that operational data finally becomes an investment decision.

   
   

Consolidation is already visible here, too: six of the 69 entries sit under the MRI umbrella alone, a preview of where the smaller, single-purpose tools in this category are likely headed over the next few years.

Buildings are now judged on evidence. Tenants want proof of amenity, insurers want proof of maintenance, auditors want proof of emissions, and boards want proof of utilisation. The 69 companies in this category exist to be essential instruments within such buildings and to keep those records. 

The businesses holding the most complete, time-stamped data stand to benefit from the next decade of Australian property value.

Asset & Facilities Management is part of the staged release of the 2026 Proptech Map. Are you missing from the map, or listed in the wrong category? Please tell us.

For more information on becoming a member, go to proptechaustralia.com.au/signup, where members get full access to the interactive version of the Proptech Map. Or email our Membership Services Specialist, Patricia Louise, at members@proptechaustralia.com.au.