How AI is affecting the commercial real estate sector
For commercial realtors hit by high interest rates and low office occupancy, artificial intelligence (AI) has promise as a potential gateway to greater productivity. Real estate agencies are betting that data science can come to the rescue with new efficiencies that could bolster the bottom line.
The rise of AI is also fuelling apprehension among brokers and support staff when it comes to the loss of the human touch and the impact on privacy and jobs, as well as possible copyright violations – prompting a push for technologies that can audit the origins of real estate data.
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