The impact of artificial intelligence on the commercial real estate industry remains a highly discussed topic as advancements in AI technology continue to shape the sector. Recent research conducted by JLL highlights how these technological developments are transforming the way business is done.
According to Yuehan Wang, Global Research Associate and lead for JLL’s Global Technology Research Program, proptech innovations have led to a gradual integration of AI into real estate practices rather than an abrupt revolution. With proptech now widely adopted throughout the entire real estate value chain, incorporating AI technologies into various aspects of the industry has become more feasible.
This digital transformation has been ongoing for several decades and recent breakthroughs have had significant impacts on property management software, customer relationship management systems, and financial analysis tools. In fact, investors, developers and corporate occupiers rank AI among their top three expected technologies that will greatly influence real estate over the next three years according to JLL’s report “Artificial Intelligence: Real Estate Revolution or Evolution”.
The article originally published by Connect CRE discusses how JLL views both artificial intelligence and proptech as key factors shaping commercial real estate today.
