There are numerous examples to show that artificial intelligence is making inroads in commercial real estate.
For anyone following CRE's adoption of high tech in the last decade, this may be hard to grasp. For a long time CRE was seen as a laggard in advanced technology adoption, an image that was finally shed years ago. AI, though, is the height of advanced technology and computing and more often associated with such cerebral applications as curing cancer or creating self-driving cars.
It is doing those things, with great fanfare in many cases, but the technology has a wide range of use cases, some of which are being applied in commercial real estate, ranging from the valuation of buildings, to running smart buildings to revenue management.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
