Proxies are plentiful in high tech — stand-ins between network connection points. But there is the older meaning of one thing that substitutes and acts in the name of another.

The Center for Real Estate Technology & Innovation (CRETI), in its 2022 Protech Job Report, saw hiring of employees as “a proxy for the health and wellness of the real estate technology industry.” And there is something to be said for that. When companies grow and expand, they hire. When they come upon hard times, they often do the opposite, laying off personnel.

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Erik Sherman

GlobeSt

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