JLL experts explain the growing A.I. in Northern California
Artificial intelligence firms have a growing footprint in Northern California, from San Francisco to Silicon Valley and the East Bay, reports JLL. If AI companies in the United States maintain their compound annual growth rate since 2010, they will occupy roughly 10 million square feet nationwide by the end of 2023.
The following is a Q&A with four of JLL’s top people, discussing the growing A.I trend and Northern California market. The contributors are Richard Bloxam, CEO Capital Markets; Katy Redmond, managing director, integrated portfolio services; Amber Schiada, head of Americas work dynamics and industry research; and Alexander Quinn, senior director, research, Northern California.
Why should A.I. be a variable for real estate investments?
Bloxam: For real estate investment, AI will likely mean faster transactions, greater data transparency and more meaningful data analytics that inform pricing. It will al