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Blackstone is betting billions on AI-driven data center demand, even as its flagship real estate fund sells off other assets to help pay investor withdrawals.
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Meta has already spent $1B to get out of real estate commitments this year but expects to spend more than that in the second half.
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Numerous AI tools are being used by CRE professionals right now, and experts say this is just the beginning.
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New technologies, including Meta's Threads and AI services like ChatGPT, are driving the need for data center storage to new heights.
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From increased real estate demand to sped-up transactions, AI could dramatically transform CRE.
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An AI arms race has tech giants looking to lease larger data centers faster than ever, but supply chain constraints could cause costly delays.
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The company's AI leasing agents represent 1.5 million units owned and managed by 200 customers, including Asset Living, Bozzuto and Venterra Realty.
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While the hype around ChatGPT will eventually quieten, it is currently changing how commercial properties are managed
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The construction and development sector is embracing artificial intelligence and robotics to combat labor shortages and attract young talent.
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CRE professionals are experimenting with ChatGPT on their own and as part of conducting everyday tasks.
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