Companies like Zillow, Redfin, and other leaders have transformed the real estate industry. However, the $16 trillion U.S. commercial real estate market is still adopting new technologies. Companies are now replacing the traditionally lengthy and expensive appraisal process with powerful technology to enable faster and wiser decisions.
For example, an AI-powered commercial real estate platform empowers investors with data-driven insights and offers quick valuations. With Machine Learning, the valuations are refined based on feedback from verified property owners. As a result, the AI technology boasts valuations with a 98% accuracy rate in the actual sale price.