AI: Examining the Potential Benefits to the CRE Industry
The newest BOMA Policy Brief explores the hot topic of artificial intelligence (AI), examining the potential benefits to the commercial real estate industry along with the many potential dangers. The paper provides context on this rapidly evolving technology, provides the perspective of CRE, and summarizes the policy landscape. AI is already in use in CRE in a variety of ways and there could be competitive advantages for companies and properties that smartly integrate these new technologies into their business practices. While governments at all levels consider a flurry of legislation to provide guardrails on AI, solutions need to target the threats while protecting beneficial uses. BOMA will continue to stay on top of the issue and provide additional resources as needed. Contact Director of State and Local Affairs Ken Rosenfeld [krosenfeld@boma.org] with any questions.
