Every gold rush is followed by a hangover. That’s been true throughout history. It happened during Tulip Mania from 1634-1637.

There was a gold rush in railways in the 1830’s in the UK and then later in the 1870’s to the 1890’s in the US and Canada.

There was an actual gold rush in 1896-1899 in the Klondike region of the Yukon close to the border with Alaska. It happened with automobiles in the early 1900’s.

It happened in radio and then in TV, and then with the Internet.

But seriously folks, this time it’s different, this AI thing is here to stay and the projections for its impact on the economy are well quantified.

There are an increasing number of tools that are showing maps of both existing and planned data centres.

The limiting factor for new data center investments is often described as being infrastructure related. That means optical fibre, large supply of base load electricity, and in many cases, ample water supply to provide cooling.

The latest tool is a new open source database on a map called The IM3 Open Source Data Center Atlas. It provides locations and facility footprints (when available) of existing and projected data centers across the United States (U.S.).

-------------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

For really boring and predictable, visit YStreetCapital.com to learn more about our US Storage Fund. Register for our investor portal. Any investment would is restricted to accredited investors residing in the US by prospectus only and in compliance with SEC regulations.

-------------

Today we are going to talk about a quiet but meaningful shift on construction sites, one that most investors never see directly, but one that materially affects cost, schedule, and execution risk. We are talking about robots that translate CAD drawings into dimensionally accurate framing layouts directly on the job site.

This is not science fiction. This is happening today.

For decades, the process of laying out walls has been surprisingly analog. Usually the most experienced member of the framing crew would take printed drawings, pull tapes, snap chalk lines, mark plates, and hope that nothing drifted. Errors were common, especially as buildings became more complex and tolerances tighter. Every mistake cascaded downstream into framing conflicts, mechanical clashes, and rework.

The state of the art today replaces that manual translation with robotic layout.

The most widely deployed example is Dusty Robotics and their FieldPrinter system. The concept is straightforward but powerful. The robot takes a BIM or CAD model and prints the layout directly onto the slab or deck using ink, at full scale, with millimeter-level accuracy. Wall lines, door openings, column grids, even labels can be printed directly where the framer needs them.

Another major entrant is HP, through its SitePrint robot. HP brings decades of large-format printing expertise into construction. SitePrint performs a similar function, translating digital models into printed layouts on concrete floors. The significance here is not just accuracy, but repeatability. A robot does not get tired. It does not misread a dimension. It prints what is in the model, every time.

-----------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

On today’s show we are talking about the adoption of AI in the workplace. We’re going to look at three studies that were done last year by Harvard University and the Boston Consulting Group. The third was done by Microsoft and looked at about 370,000 employees using Copilot. The studies looked at AI usage and productivity gains for certain types of tasks. The results were quite striking.

The study found that even with widespread initial usage for the first three week, many employees stopped using AI in their daily work. In fact, the true adoption of AI in daily work seems to be following an 80/20 rule with nearly 80% dropping the use of AI almost altogether. For those on mobile devices, usage continued, but the usage shifted to being more like a search tool rather than a full on AI assistant.

The issue doesn’t appear to be related to basic training. People are averaging 6 hours of training and they learn how to generate prompts. The issue is that they hit a wall.

The study found 20% monthly active usage. The rest are dormant after that initial period.

So why am I telling you this? This is a real estate podcast, not an AI podcast. Real estate investing is a business like any other business. It has all of the same basic functions. It has a finance function, operations, customer service, quality assurance, project management. All of these functions can have their productivity improved to some degree with the adoption of AI somewhere in the workflow.

-----------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

Our book this month is not a new book. In fact I read it more than 20 years ago for the first time. It was first published in 2001. This book is a business classic at this point. Good to Great by Jim Collins is one of those rare works that rewards disciplined thinkers.

When I think about business books that genuinely belong on the short list for serious operators, not motivational reading, not trend-chasing commentary, this title consistently earns its place. In fact our leadership team recently refreshed itself on the principles of this book.

-----------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

Tim Baldwin is based in Pensacola Florida where he is a lawyer specializing in helping landlords. On today's show we are talking about the special considerations that landlords need to take into account when renting to tenants.

To connect with Tim, visit https://pmlawsolutions.com/ or you can email him directly at tim@pmlawsolution.com

-------------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

Let’s talk demographics. The Baby Boom started in the wake of WW2 in 1946. If you were born in 1946, then you are 80 years old now. You are the oldest baby boomer. The baby boom covered the time period from 1946 until 1964. The youngest baby boomer is 61 years old. We keep hearing that the baby boomers are driving the need for senior housing, specifically assisted living and memory care. The problem is that the boomers have not been old enough to need senior housing in large numbers. That’s finally changing. The real wave is still another 5 years away, but it’s starting.

Staffing is the top issue for all operators. Staffing shortages during the pandemic forced many communities to cap occupancy, even when demand existed. That constraint is easing, but not uniformly. Wages remain elevated. Recruiting and retention are ongoing challenges.

The best operators are treating labor as a strategic asset, not a variable expense. Investment in culture, training, and career paths is translating directly into higher occupancy, better resident outcomes, better employee retention and stronger margins.

-------------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

Today’s show is a listener question. But first, I’d like to invite you to consider investments that are boring, but predictable. That’s how we think about industrial storage. Our Y Street Capital storage fund is heavily focused on this segment while at the same time offering diversification. This is for accredited investors only residing in the US in compliance with SEC regulations. To learn more, visit YStreetcapital.com and register for our investor portal.

Today’s question comes from Tony who writes:

"I’m hearing and seeing that there is excess capacity in the trucking industry. Freight rates are below profitable levels for many companies. How will this translate into demand for industrial real estate?"

-------------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

This is the final segment in our mini series on amenities. Last week we started a mini-series on Amenities. The deep dive into amenities is based on the outstanding work by apartment operator Greystar, the largest operator of apartments in the US with over 100,000 apartments in their portfolio. We are working with Greystar on our own active adult project in Spokane Washington. If you want to learn more about that amazing project, come and register to our portal at YStreetCapital.com and we will have more to share about the project. This is not a solicitation for investment and of course any investment would be by prospectus only in compliance with SEC regulations.

We spoke last week about technology, storage, co-working space, outdoor amenities, kitchens, and security.

Today we’re talking about fitness centers.

-----------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)