How AI And New Technologies Are Revolutionizing Commercial Real Estate Investing
Sep 11, 2023 - forbes.com
The article discusses how various technologies, including AI, data analytics, smart building technology, blockchain, real-time market data, and virtual reality (VR) and augmented reality (AR), are revolutionizing the commercial real estate industry. AI and data analytics are enhancing property searches and market trend predictions, while smart building technology and IoT integration are optimizing property management and energy usage. Blockchain is providing security and transparency to transactions, and real-time market data is helping investors make informed decisions. VR and AR are transforming property marketing and tenant engagement by offering interactive virtual property tours.
The author, Andrew Cigna, shares his company's experiences with these technologies, highlighting their benefits in streamlining operations, enhancing decision-making, and improving client engagement. He emphasizes the importance of training in effectively implementing these technologies and encourages other businesses to explore their potential.
Key takeaways:
Proptech, powered by AI, is revolutionizing the commercial real estate industry by streamlining property transactions and management.
Data analytics and predictive models, enabled by AI, are providing valuable insights for informed decision-making and strategic planning in real estate investment.
Smart building technology, including IoT integration, is enhancing property management by optimizing energy usage and operational efficiency.
Blockchain technology is enhancing the security and transparency of real estate transactions, while VR and AR technologies are transforming property marketing and tenant engagement.
