Prologis, The Largest Industrial Real Estate Developer and Investor In The World, Is Using AI

The San Francisco Business Times reported September 28, 2023 that the CEO of Prologis, Hamid Moghadam, who runs the Billiion (yes, Billion!) square foot portfolio of industrial real estate said  “What are the big decisions we make?” he said. “What do we charge for a lease, how long of a lease do we sign … basically, all of the decisions that go around leasing with customers. Now we’re using a lot of AI to drive those decisions. ”Prologis is also using the technology to understand where it should deploy capital within its existing portfolio, Moghadam said, helping the company predict things like which facilities it should invest in on a speculative basis — that is, before a tenant surfaces — or where within its network it should begin establishing charging infrastructure for electric vehicles.”