In the time it took artificial intelligence to go from research curiosity to boardroom obsession, commercial real estate added a few new dashboards.
The contrast is almost cartoonish. In two and a half years, AI has rewritten coding, customer service, marketing, design, legal review, accounting, medicine, and education.
Where the inertia comes from
The reasons are not mysterious. Real estate moves slowly because real estate is slow. Buildings last a century. Leases run a decade.
Real estate adopts new technology by averaging. The result is an industry that is always five years behind.