The use of artificial intelligence in commercial real estate has become a popular topic as advancements in AI technology continue to shape the industry. According to recent research from JLL, these proptech innovations are revolutionizing the way real estate operates.
Yuehan Wang, global research associate and lead for JLL’s Global Technology Research Program, explains that the adoption of AI in real estate is more of an evolution rather than a sudden change. With proptech now widely utilized throughout all aspects of the industry, incorporating AI technologies has become easier.
This digital transformation has been ongoing for several decades and continues to impact property management software, customer relationship management systems, and financial analysis tools. In fact, investors, developers,and corporate occupiers rank AI among the top three technologies expected to have a significant influence on real estate over the next three years according to JLL’s report titled “Artificial Intelligence: Real Estate Revolution or Evolution.”
This article was originally published on Connect CRE website.
