Artificial intelligence is here and will change all industries, including real estate. Investors can benefit by strategizing accordingly, according to a report by Fergus Hicks, real estate strategist, and Jaipreet Bains, both of UBS Asset Management, Real Estate & Private Markets.
The report, “The next transformative technology? What does AI mean for real estate?,” which was published in the November issue of Institutional Real Estate Americas, breaks down and discusses the positive and negative effects AI will likely have in the real estate investment industry.
“This transformative technology is expected to positively impact the economy and labor market, though some jobs will likely be displaced,” say authors Hicks and Bains. “The impact on job growth will influence occupier demand and offices in particular. We expect strong growth and long-term investment opportunities in data centers. AI will also provide opportunities within the re
