Sun. Oct 1st, 2023
    How Robotics is Revolutionizing the Commercial Real Estate Industry

    Robotics has brought about significant transformations across various industries, and commercial real estate (CRE) is no exception. With advancements in artificial intelligence, automation, and chatbots, robotics has made owning and operating CRE buildings more efficient and cost-effective than ever before.

    One area where robotics has made a major impact is in the realm of AI-powered automated tours. This technology has taken repetitive tasks off the hands of CRE professionals, allowing potential tenants or buyers to tour a property at their convenience. Automated tours not only make it easier for people to view a property multiple times but also increase the number of interested parties by allowing CRE owners to showcase their properties to a wider audience at different times.

    Another way robotics is revolutionizing the CRE industry is through marketing real estate listings. Drones equipped with AI technology are now being used to capture aerial images of commercial properties, making them more appealing to potential buyers. Furthermore, drones are also employed for property inspections, allowing CRE owners to identify any hidden damage or maintenance issues more efficiently.

    In terms of customer service, chatbots have become invaluable tools for CRE professionals. These AI-powered assistants are available 24/7, responding to customer inquiries in a timely manner and potentially resolving issues. Chatbots not only save time for building owners and property managers but also provide better access to information, as they can instantly find answers to customer questions.

    AI tools also contribute to improved property management by monitoring and analyzing relevant data. These tools can keep track of inventory, identify weak security areas, locate unused spaces, and assess energy usage. Depending on the sophistication of the robotics, they can simply collect data or even provide recommendations on how to enhance property management.

    Furthermore, AI tools help CRE owners reduce property management costs. With advanced AI systems, security concerns can be addressed without the need for human guards. AI can detect different types of criminal activity, acting as a deterrent for potential intruders. Going forward, robots could also take on security tours and simple management tasks, freeing up humans to handle more urgent matters.

    Not only does AI technology improve operational efficiency for CRE owners, but it can also be a key factor in attracting new tenants. The presence of robots in a building can offer a unique selling point, making potential tenants more inclined to sign a lease.

    As the use of AI tools continues to grow in the CRE industry, it is clear that those who leverage these technologies effectively will have a competitive advantage. The future of commercial real estate will likely see even more applications for AI, and the most successful professionals will be those who harness the power of robotics to its fullest potential.

    Source: Realty News Biz