AI technologies’ advantages reduce across numerous business processes (see figure 12). However, CRE organizations have yet to develop a deeper understanding of the way to use these applied sciences effectively. Only 4 in 10 of the surveyed executives believe AI can profit CRE growth. As an example, indus.ai, a San Francisco–based mostly startup, uses laptop imaginative and prescient expertise to assist enhance efficiency and productiveness at construction sites.
A popular cause we hear for eager to put money into real property is a need for added revenue. Unfortunately most real estate investments, especially residential properties bought for investment, don’t generate positive money flow for fairly a while.
Surveyed executives believe that tenants are willing to pay a rental premium to be housed in good buildings. Forty-three p.c believed tenants would pay a 6–10 percent premium to be in a wise constructing, whereas one-quarter believed tenants would pay eleven–15 percent more. … Read More