BGO Chief Economist Ryan Severino, JLL chief economist David Rea, and Alberto Lopez, Global Forecasting Director at JLL, come together to discuss the evolution of rent forecasting in commercial real estate. AI is allowing for more precise calculations and forecasts than ever before, significantly improving predictive models. But the reliable interpretation and refinement of data are still paramount and require a human perspective. The discussion also covers the forecasting limitations, data quality requirements, and what the future could hold for this groundbreaking approach.

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As the role of artificial intelligence (AI) in society continues to expand, there is a growing concern about the potential loss of human connection and the meaning of physical space. But Yuehan Wang, a technology research leader at JLL, thinks that AI may revolutionize our relationship with the built environment, prompting a reevaluation of human connection and trust. On this episode of Trends & Insights, Wang joins Eric Solomon, The Human OS founder and CEO, to delve into the unforeseen consequences of AI and its potential to revolutionize our relationship with physical space.

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The world's biggest companies, including major real estate firms, are increasingly exploring use cases for generative AI tools. Beyond their ability to create songs or write code, AI tools like ChatGPT can crunch data and build predictive models that can, for instance, make property management more efficient. Join Ankit Kapoor from consulting giant McKinsey, and Daniel Fenton, leader of JLL’s generative AI application, on this episode of Trends & Insights to learn about effectively harnessing generative AI in commercial real estate, how human integration remains a work in progress, best practices for leveraging its capabilities, and what’s next on the AI frontier.

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Leave a message on the podcast hotline. We may use it on an upcoming show. Call (602) 633-4061. Or email us at trendspodcast@JLL.com.

Get more insights about commercial real estate here.