AI Will Change Multi-Family Real Estate
It’s time to talk about robots. I’m only half-joking. Robots are still how many of us think about artificial intelligence, even though the reality doesn’t look much like “Terminator” or “Blade Runner.” Hollywood loves to make movies about the scary aspects of artificial intelligence (AI), but the reality is that this technology is already changing our lives for the better. That’s true for many different industries, but today I’m talking about the impending changes it brings to multifamily real estate. This is clearly illustrated by a 2018 report from the National Multifamily Housing Council (NMHC), which uses surveys to gauge what apartment seekers are looking for — and what they’ll be looking for 10 years from today. “Technology will become part of the core design of apartment communities rather than an add-on accessory or appliance,” the report said. We can already see these changes happening in the Greater Toronto Area. The Toronto-based real estate company HouseSigma is using