Embrace the change. The changes that AI and advanced computing bring are happening across all aspects of life. To turn this into an opportunity, companies must stay vigilant and closely watch where and how the impacts unfold in terms of real estate demand, design, function, and business models.

Start preparing now. Despite all uncertainties, act now to build technology capabilities in preparation for future AI integration through the entire real estate lifecycle. Adopt a "fast iteration" approach to match the pace of technology.

Remain human-centered. As our world becomes increasingly saturated with AI-generated content, physical interactions will acquire a new meaning and purpose. As space provider, real estate must keep a truly human-centric approach, crafting tangible experiences for a wide range of users with evolving needs and demands.

This work product was created with assistance from generative AI.

Design: new patterns for creation, construction and operation

Architects will augment human creativity with AI to help visualize new schemes based on their back catalogue of designs, their design approaches and stylistic methods. 

AI will also be integrated into building Digital Twins to make designing models faster and more accurate. These technologies together will improve operational effectiveness, and enhance building sustainability by prioritizing reductions in energy and water consumption, so performance is optimized at the design stage by simulation. Portfolio data interactions will be through a more intuitive interface, such as a conversation.

Automation and robotics will reach the tipping point in the construction sector to meet labor shortages, enhance on-site safety and reduce costs through streamlined processes which speed up construction and reduce waste. Robotics will similarly enhance maintenance and facilities management.

When combined with a mindset which prioritizes sustainability, these advances will drastically reduce the environmental impact of buildings by improving and adjusting operational performance in real time and more effectively fulfilling the growing demand for the renovation and repurposing of existing assets.

Imagine a world where real estate owners can access building performance data for their entire portfolios, from anywhere; where tenants can track carbon emissions, and progress against sustainability targets, in real time.