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JLL: AI and Proptech’s Impact on Commercial Real Estate
Artificial intelligence and its impact on commercial real estate continue to be a topic of interest as AI advances. Recent research from JLL highlights how technology is reshaping the industry.
“These proptech innovations place the increasing adoption of AI in real estate as more of an evolution than a revolution, says Yuehan Wang, global research associate and lead for the JLL Global Technology Research Program. “Proptech is now widely adopted across the whole real estate value chain, so we already had a solid foundation for incorporating AI technologies across the industry.”
This digital transformation has been ongoing for decades, and recent innovations continue to influence property management software, customer relationship management systems and financial analysis tools. AI is ranked among the top three technologies expected to have the greatest impact on real estate over the next three years by investors, developers and corporate occupiers, according to JLL’s Artificial Intelligence: Real Estate Revolution or Evolution report.
