The technology stack includes generative design tools for building iterations and agentic AI for autonomous workflow management, deployed by firms like Unframe AI, Rets AI, and Growth Factor AI. The market for AI in real estate development is projected to reach $975 billion by 2029, with estimated industry efficiency gains of $34 billion by 2030. The transition accelerated through 2024-2025 as document processing moved from pilot to production at leading firms.
What matters now is the widening gap between firms that operationalized AI through data infrastructure and workflow redesign versus those treating it as a product purchase. The former are pulling ahead on efficiency; the latter are falling behind. For attorneys, this means clients will increasingly expect rapid deal screening and automated document reconciliation. The capability is no longer a differentiator—it's becoming table stakes. Office leasing is also rebounding partly due to AI sector growth and venture capital deployment, which may affect real estate portfolios and transaction volume.