AI in Commercial Real Estate (CRE)

AI Adoption Rates & Industry Impact

Like numerous sectors across the globe, the ascent of artificial intelligence (AI) has profoundly influenced the commercial real estate (CRE) landscape. What's the current state of the industry and AI's impact?

More than half of the CRE organizations nationwide are either in the process of adopting or have already incorporated AI technologies into their existing digital platforms and operational methodologies. Slightly less than half are still evaluating their AI strategies. As the adoption of AI increases, questions about its effect on jobs naturally emerge. Is AI destined to render certain roles obsolete in commercial real estate?

Luckily, the answer is "no." While AI's advancement might lead to the displacement of some jobs, it is important to recognize, as industry specialists have, that AI is also poised to generate new employment opportunities in commercial real estate, just like in adjacent industries.

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AI is not about job replacement but job enhancement. While it’s unavoidable that some jobs will be replaced by AI and its capabilities, remember that the jobs being
replaced allow firms to create positions for tasks that only a person can do.

For example, ask yourself how much of the work that your teams do right now could be automated or improved with AI. It’s likely quite a bit.

From preparing and managing the wealth of documentation around assets, funds, and the business itself to analyzing investors, databases, past investments, and asset performance — there is no end to the variety of tasks that AI has the potential to automate.

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AI Adoption Rates & Industry Impact

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