Artificial Intelligence (AI)

The simulation of human intelligence in machines designed to perform tasks such as learning, reasoning, problem-solving, and decision-making.

Putting AI in Context

In CRE, AI is transforming lease abstraction. For instance, an AI system can quickly review and extract critical details from hundreds of leases, reducing the time and errors typically associated with manual reviews.


Frequently Asked Questions about Artificial Intelligence (AI)

AI is the simulation of human intelligence in machines that are programmed to perform tasks such as learning, reasoning, problem-solving, and decision-making.

AI is used in CRE to automate complex workflows such as lease abstraction, market analysis, underwriting, tenant screening, predictive maintenance, and asset management.

An AI system can review hundreds of leases and extract key terms—like rent escalations, termination clauses, and renewal options—far faster and more accurately than manual processes.

Benefits include reduced manual workload, faster decision-making, fewer errors, improved data accuracy, and enhanced portfolio insights.

Professionals can take courses such as Google’s Generative AI learning path and explore resources like “AI Tools for Commercial Real Estate (Spring+ 2025 Edition).”

Check out resources like “A.CRE at the Smart City Expo Bogotá 2024” and “Using OpenAI’s ChatGPT to Create an Excel Macro for a Real Estate Model” for real-world applications.



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