Welcome to RealyInvest!

Welcome to the investment world now being shaped by AI! Things are going to be different, hopefully better…this is the nature of markets and how they change. In terms of real estate, AI can mean a couple things. Like any industry, administrative functions may well be much different very soon. Legions of middle managers may well be replaced by new managers who are well versed and fluent in how AI can enhance their productivity.

This will no doubt have some impact on office space and its occupancy. We may indeed see weakness in this part of the real estate market-similar to the recent past during the pandemic. Our area of real estate, single tenant NN and NNN buildings may not suffer any fallout from the rise of AI. People will still get hungry and want to go to Chick-fil-A or Starbucks. AI may even enhance your drive-through experience.

Regarding banks, J.P. Morgan states that the average young customer visits a branch bank about three times a month. AI may trim this down, but a branch (a store as it’s known) is a billboard for Chase and a safe place for people to house their money, get a mortgage and get a little TLC in their financial lives. So AI will change almost everything…but it won’t get you that chicken burrito bowl unless there is an actual store to make it and serve it.