The impact of artificial intelligence on commercial real estate remains a highly discussed topic as advancements in AI technology continue to shape the industry. According to recent research by JLL, the use of proptech innovations has led to a gradual integration of AI into real estate practices rather than an abrupt revolution.
Yuehan Wang, global research associate and lead for JLL’s Global Technology Research Program, explains that proptech is now widely adopted throughout the entire real estate value chain. This solid foundation has paved the way for incorporating AI technologies across various aspects of the industry.
This digital transformation has been ongoing for decades and continues to have a significant impact 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 with the greatest influence on real estate over the next three years according to JLL’s report titled “Artificial Intelligence: Real Estate Revolution or Evolution.”
Overall,the integration of AI and proptech in commercial real estate is evident through its widespread adoption and continuous advancements.This trend highlights how these technological developments are reshaping traditional practices within this sector.
