Real Estate & AI: Ten Predictions

Thursday, December 14, 2023

With Rates Expected To Ease, Both Supply and Demand Could See Improvement

How will AI affect the value, design, and operation of physical buildings and cities? This is the most common question I've been asked at dozens of keynotes I gave this year.

The short answer is that nobody knows. We are facing a technological change that is likely comparable to the Industrial Revolution(s). In our connected world, this change will likely propagate faster and won't take decades or centuries to have a meaningful impact on most people, particularly those living in large cities.

Then there's the longer answer. While we do not know what will happen, we can speculate based on historical experience and evaluation of AI's current capabilities and effects. Below are ten predictions, ranging from AI's impact on real estate supply and demand, on real estate as a business and asset class, and on the broader role of places and spaces. The purpose of these predictions is not to tell you what to think but to highlight what you think about.

Read the full article here.

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JT Capital Real Estate © 2024

JT Capital Real Estate © 2024

JT Capital Real Estate © 2024