Top Real Estate Tech Startup Cities
After reading Fred Wilson’s post about 2nd and 3rd tier cities, and then Seattle, I thought I’d list the top real estate startup cities (in a very unscientific way):
- Seattle: Zillow, Estately, Market Leader, HouseValues, Redfin, ActiveRain. Even without Zillow, it’s a thriving real estate startup center. With Zillow, it’s the clear front runner.
- San Francisco Bay Area: Trulia, Opendoor, Realtor.com, Sindeo. Trulia’s clear success as well as being home to the industry’s longstanding incumbent Realtor.com, teamed with the sheer volume of funded startups (in and out of real estate) puts San Francisco easily in the 2nd spot.
- New York: WeWork, Doorsteps, Hightower, Breather, Spacio. I suppose if we’re ranking by valuation alone, NYC may be at the top of the list based on WeWork alone. I guess I’m biased toward consumer, and don’t really think of WeWork as a pure real estate startup.
- Dallas: I’m starting to hear more and more about the city, though I’m not sure it’s had any big winners yet. Perhaps its more of an up and comer…
- Boston (Placester)? Charleston (Boomtown)? Washington DC (CoStar)?
What real estate startups have been built in your city? What companies are being built now? If you could pick any city to start a real estate startup in, which would it be?
(PS join the Geek Estate group on Horizon using the unlock code “geekestate2015” for a better way to find real estate techies by location)
Greg Fischer
Posted at 11:30h, 08 JuneThose are some old co’s on your list. They’re like afterups at this point…
Top 2 markets for real estate tech startups imo, for access to talent, capital, quality of life, and travel ease
San Diego: Approved, Dizzle, Allre (acq), Zurple, Rentlinx (acq), Wright Bros
Portland: Cozy, IOATS, CrowdStreet, househappy
Drew Meyers
Posted at 11:41h, 08 JuneRight.. they are. The ones you mention aren’t (yet) big wins. Fred put Seattle as a tier 3 startup city in his original post and got lots of slack for it since Seattle has numerous massive, massive home runs (Amazon, Microsoft, Zillow, Expedia, etc) — which led him to write a post about Seattle specifically.
So, if you were to start a new re tech startup, what city would you choose to do it in?
Greg Fischer
Posted at 15:19h, 08 JuneMy answer above 1) San Diego 2) Portland
B.E. Ward
Posted at 17:45h, 08 JuneHow much would you factor ‘a large pool of real estate consumers that are willing to try something new’ in there?
Jess Martin
Posted at 05:59h, 09 JuneReal estate consumers are, thankfully, fairly evenly distributed: 6.5% of people move each year, on average.
“willing to try something new” has pretty much shifted as well – most medium-sized cities have a healthy hispter / millenial population that are “digital natives” and willing to try new things.