JLL recently released its look at artificial intelligence as a tool for "real estate transformation."

"The potential for artificial intelligence (AI) to transform businesses, industries and society has been mounting for decades," the company wrote. "But recent advancements, have moved the science from niche to mainstream. The technology's proficiency in writing, drawing, coding and composing has compelled corporate leaders to consider both the opportunities and threats that AI presents for their future."

In the near term, the firm pointed proptech as having "laid a solid foundation" for using AI in CRE applications and that there were more than 500 companies "providing AI-powered services to real estate and already delivering value in terms of improved efficiency and cost-savings." Some of the applications include document sorting and data standardization, scheduling, price modeling and prediction, satellite image processing for asset valuation and risk management, and recommendations and matchmaking for leasing and investment transactions.