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With 2023 coming to a close, now is a natural time to look back, reflect, and appreciate the year's accomplishments. At RealtyAds, commercial real estate's preferred medium to find, advance, and close more deals, we spent the last 12 months partnering with customers to drive success amidst the year's challenging macroeconomic conditions. While it was not an easy year for commercial real estate at large, there's much to be proud of.
Commercial real estate has witnessed a significant transformation in recent years, thanks to the integration of Proptech (property technology) and Artificial Intelligence (AI). These innovative technologies have challenged traditional CRE practices, making processes more efficient, cost-effective, and convenient. However, several misconceptions exist surrounding Proptech and AI in commercial real estate. Addressing some of these misconceptions, we will shed light on the true potential of these technologies.