A new survey highlights AI adoption in commercial real estate

Summary:

Une nouvelle enquête mondiale réalisée par JLL souligne que le secteur de l’immobilier commercial accélère significativement l’adoption de l’intelligence artificielle. L’objectif est d’illustrer comment l’IA passe d’un outil d’efficacité opérationnelle à un moteur de croissance commerciale et d’avantage stratégique. Les points clés incluent que 88 % des investisseurs, propriétaires et bailleurs, ainsi que plus de 90 % des occupants, ont commencé à piloter l’IA, en hausse par rapport à seulement 5 % il y a deux ans, souvent en visant plusieurs cas d’utilisation à la fois, bien qu’un petit pourcentage ait pleinement atteint ses objectifs de programme en raison des ambitions changeantes, passant de l’efficacité à la génération de revenus ; les allocations budgétaires à l’IA ont également considérablement augmenté, avec un accent particulier sur le conseil stratégique et l’infrastructure.

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The commercial real estate (CRE) sector, historically resistant to rapid technological advancements, has recently undergone a noticeable shift, embracing artificial intelligence (AI) at an accelerated rate. According to a survey conducted by JLL, which included over 1,500 senior CRE investor and occupier decision-makers across multiple industries, organizations are increasingly prioritizing AI technologies in their budgets to redefine operational and business value. This represents a significant departure from the sector’s traditional skepticism regarding new tech adoption and reflects the growing perception of AI as a transformative tool.

Legally, the adoption of AI in commercial real estate ties into regulatory frameworks governing data usage and privacy. Laws such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the U.S. set strict guidelines concerning how data can be collected, stored, and utilized. Given the reliance of AI models on vast amounts of sensitive tenant, financial, and market data, CRE organizations will need to ensure compliance to avoid severe penalties while maintaining trust with clients and stakeholders.

Ethically, the integration of AI in CRE raises questions about fairness, bias, and accountability. For example, reliance on AI for investment risk modeling could unintentionally incorporate biases present in historical data, leading to skewed portfolio decisions that impact certain demographic groups or communities. Organizations in the CRE sector need to ensure that their AI systems are transparent, and bias mitigation strategies are in place. Moreover, ethical considerations must extend to the workforce, as automation threatens to displace certain roles traditionally performed by humans. Comprehensive upskilling and job transition programs are necessary to offset potential job losses and ethical concerns about worker displacement.

The industry implications of this shift towards AI adoption are substantial. JLL’s survey indicates that 88% of investors, owners, and landlords have already begun piloting AI projects, with many pursuing multiple use cases simultaneously, such as improving investment risk models and portfolio management decisions. This marks a clear evolution from AI being used solely for operational efficiency toward driving revenue growth and margin expansion. For example, AI can analyze complex market patterns to identify lucrative investment opportunities or refine predictive maintenance models for building management systems, saving long-term costs while boosting sustainability. However, an enduring challenge for these programs lies in their experimental nature, as only 5% of respondents claim to have successfully achieved all set goals, pointing to barriers in scaling the technology and aligning it with broader organizational strategies.

Despite economic uncertainties, the survey found that over half of investors have scaled up their technology budgets due to AI adoption. Investments are mainly directed toward strategic advisory services, cybersecurity measures, and infrastructure improvements to support AI integration. These budget increases highlight the sector’s commitment to using AI not just for cost-saving, low-risk applications but towards gaining a competitive edge by addressing pressing business challenges. This increasing acceptance diverges from the anticipated trajectory where CRE companies would first apply AI to simple tasks. Instead, firms are focusing on sophisticated, high-stakes applications, indicating confidence in AI’s potential as an indispensable business asset.

In conclusion, the rapid uptake of AI in commercial real estate—despite its traditionally slow adoption of technology—underscores a turning point for the industry. However, achieving tangible success requires navigating complex regulatory landscapes, addressing ethical concerns, embracing operational transformation, and sustaining long-term investment in AI capabilities. Companies that proactively tackle these challenges while leveraging AI responsibly stand to gain substantial competitive advantages in an increasingly data-driven and dynamic real estate market.

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