America‘s Commercial Real Estate Show AI Adoption Considerations for Commercial Real Estate with Xander Snyder
Oct 7, 2025
Xander Snyder, a real estate economist and data science specialist at First American Financial, delves into the exciting possibilities of AI in commercial real estate. He discusses how AI can enhance investment due diligence and operational efficiency, while also addressing concerns like job displacement and data inaccuracies. Xander highlights innovative AI tools for market research and property management, suggesting a future where technology reshapes industry workflows. However, he emphasizes the importance of understanding AI's limits and maintaining human oversight.
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Creative Destruction Drives Productivity
- Creative destruction means innovation displaces old workflows but raises productivity long-term.
- AI in CRE will disrupt short-term roles while boosting overall market productivity.
Productivity Gains With Data Risks
- AI can boost GDP by increasing productivity and reducing market frictions in commercial real estate.
- But risks like hallucinations and data errors can undermine benefits if unchecked.
Plan For Job Shifts And Guardrails
- Expect some job displacement and plan retraining for workers to wield AI tools.
- Avoid assuming full automation; rehire or reassign when AI falls short and establish guardrails.