ATLANTA (November 2024) — Attendees at two recent CoreNet Global Summits – in Berlin and Washington, D.C. – predict that artificial intelligence (AI) will have a significant impact on the corporate real estate profession.

When asked what impact AI will have on the profession, attendees at the 2024 CoreNet Global Summit | EMEA in Berlin, which includes corporate real estate occupiers and service providers responded as follows.

· Transformative: It will revolutionize the profession: 17.2 percent

· Significant: It will bring major improvements: 53.76 percent

· Moderate: It will provide noticeable benefits: 26.88 percent

· Minimal: It will have some impact but not substantial: 2.15 percent

· None: It will have little to no impact: 0.0 percent

Attendees at the 2024 CoreNet Global Summit | North America in Washington, D.C. responded similarly:

· Transformative: It will revolutionize the profession: 25.23 percent

· Significant: It will bring major improvements: 47.7 percent

· Moderate: It will provide noticeable benefits: 23.85 percent

· Minimal: It will have some impact but not substantial: 3.21 percent

· None: It will have little to no impact: 0.0 percent

The most highly impacted areas, according to the respondents at both summits, will be lease management administration, location intelligence, and facilities management.

“AI is coming, and its power to significantly upend and improve the corporate real estate profession is limitless. While the corporate real estate profession has traditionally been slow to

adopt previous technologies and innovations, we believe in the coming few years that AI will have a dramatic and significant effect that greatly modernizes the profession and makes it more efficient,” said Tim Venable, Senior Vice President at CoreNet Global.

About CoreNet Global

CoreNet Global is a non-profit association, headquartered in Atlanta, Georgia (US), representing nearly 10,000 members in 50 countries with strategic responsibility for the real estate assets of large corporations. The organization’s mission is to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, designations, and networking in 46 local chapters and networking groups globally.

For more information, please visit corenetglobal.org.