Commercial real estate market in London is ramping up adoption of artificial intelligence, with companies moving beyond testing to more targeted applications. 88% of investors, owners, and landlords are piloting AI, while 90% of occupiers are running corporate real estate AI pilots, compared to just 5% two years ago. However, only 5% have achieved all program goals, with most still in experimental stages. Companies are now tying AI to revenue goals, requiring fundamental changes to operations. Despite economic headwinds, more than half of investors have seen significant budget growth in AI over the past two years. Most spending is on strategic advisory for technology or AI, as well as cyber and data security measures. The focus is shifting towards using AI for competitive advantage in solving pressing business problems, rather than just simple operations.

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