LISTEN: The Real Estate Deep Dive on Artificial Intelligence

In case you haven’t heard, artificial intelligence is threatening to reshape and revolutionize the entire world, particularly the work realm. Real estate is not an exception.

On this week’s “Deconstruct” podcast, hosts Hannah Kramer and Lilah Burke talk to features editor Cara Eisenpress on the latest issue of The Real Deal magazine, which looked at AI from a range of real estate-related angles, from residential deals to the office market.

On the residential side, our reporters discussed with brokers how clients are approaching deals differently than before. It’s comparable to how patients approach doctors with theories and diagnoses based on Google searches — prospective buyers and sellers are doing the same with AI-based information.

In the commercial world, Eisenpress discusses both sides of the AI coin. On the side of fear, she mentions being at the “beginning stages of a major disruption in the office market,” as prospective tenants press pause on long-term plans. On the hope side, however, rests the possibility of increased efficiency and the arrival of growth-oriented companies needing to replace old tenants (so long as the oxygen meters are to their liking).

Unsurprisingly as such a nascent technology, the jury is out on how artificial intelligence will or won’t change real estate forever. As Eisenpress noted, though, in the “worst-case scenario for humans, real estate is probably the least of our problems.”

This episode of “Deconstruct” also sees Kramer opine on the recent spate of bad headlines out of Billionaires’ Row, the antitrust division of the New York State Attorney General’s office opening a probe into Compass, a breakdown of California electoral results and the continued rise of Federal Housing Finance Agency director Bill Pulte, who is taking on another big role in the administration.

Be sure to check out “Deconstruct” on Spotify, Apple Podcasts and wherever else you listen to podcasts.

— Holden Walter-Warner