Artificial intelligence has burst into our lives too abruptly and aggressively. In a matter of months, the way we perform basic tasks and conduct business in general has changed dramatically. If previously, in order to create a beautiful image for a blog article, you had to drag out ever-busy designers, wait for hours for the result and then spend even more time making edits, now it’s enough just to write a clear task for GPT, Midjourney, Dall-E or Leonardo AI. Of course, the image doesn't always turn out perfect the first time, but even the most talented among us make mistakes. Be that as it may, AI significantly influences all areas of our lives and is gradually taking over some tasks. Perhaps one day he will completely take over the world, deprive people of work and turn from an assistant into a master, but why look that far? For now, let him try to write at least the same “humane” introduction, hehehehe. So what are we talking about? Oh yes, real estate! Artificial intelligence can influence it much earlier. How? Now we'll tell you everything.
AI real estate market
Already in 2023, many companies have decided to focus their activities around AI. How do we know this? Thanks to timely study of the annual wealth report Knight Frank 2023. When planning their budgets, they unanimously indicated that about 40% of the money allocated for technology would be directed specifically at the development of projects related to artificial intelligence. International Data Corporation (IDC) also confirms these forecasts with its own. In their research, they came to the conclusion that by 2027, businesses will spend more than $500 billion annually on AI. The more resources are allocated to the development of technologies, the more they will influence all aspects of life and even real estate - its formats and segments. What changes should we expect?
- Modification of offices.
Knight Frank hypothesize that to the already existing trends in office real estate new ones will join. The company won't dare say what exactly the workplace of an AI specialist will look like, be it a content creator or anyone else, but changes are definitely coming. The main characteristics of the new offices will be high flexibility and adaptability to the needs of employees.
- Increasing the number of research centers.
Much more space will be required to develop software and hardware, test it and improve it. Such industrial facilities can be located either near large scientific centers or in the vicinity of universities.
- Increasing demand for data centers.
Any artificial intelligence requires constant processing of a huge amount of data, and therefore requires appropriate power. Corporations will want to be more autonomous to control not only the performance of AI, but also its energy consumption. High-power buildings will become a popular segment. Perhaps this will mark the beginning of a new era of business centers.
- Bringing smart home technology to a whole new level.
In offices and residential buildings, control will pass into the hands of artificial intelligence. Within reasonable limits, of course. Controlling temperature and humidity, adjusting light brightness and other processes will be carried out fully automatically, depending on external circumstances - day or night, hot or cold, and so on. Process optimization will also be carried out to minimize resource consumption.
Remember that city of the future, which will soon coming to Saudi Arabia? It's possible that the architects and designers will also make a few changes during construction to turn Neom into the first... artificial city? An intelligent city?.. In a word, a city of the future 2.0.