AI shaping real estate
Technology is an aspect of our modern life that is continually evolving, but in 2024 the rise of generative AI caused an inflection point as the new tool shakes up real estate. This rapid growth has also resulted in ever increasing demand for data centres and, subsequently, electricity. Companies across the world are racing to locations that offer reliable and affordable energy in order to build large, dedicated, hyperscale data centres to help drive the next generation of the technology. Securing talent, especially skilled AI engineers, is a top priority for many businesses across all sectors, and this has continued to drive the flight to quality in both office and industrial space as employers seek to attract and retain this talent with high quality workplace offerings.
It is fair to say that 2024 has been a moment of inflection for global property markets, one that has set the groundwork for further positive changes for real estate in the new year.