Robots and the Future of Real Estate and Rental and Leasing
Overview
The integration of robotics in the realms of real estate and leasing industry represents a colossal shift towards efficiency, safety, and scalability. The future of real estate is being reimagined through the lens of advanced augmentation, artificial intelligence, and automation. This guide explores the value and implications of robotics in real estate, rental, and leasing, alongside key facts, statistics, and potential scenarios.
Robotics in Property Maintenance & Surveillance
The ripple effect of incorporating robotics in property maintenance is astonishing. According to data from Technavio, the global smart robot market, which includes those used in property maintenance, estimates a compound annual growth rate of approximately 23% between 2018-2022. Robots programmed for property maintenance tasks such as cleaning, gardening, and routine safety checks significantly decrease workforce requirements and ensure a consistent quality of service. By reducing human error, robotic applications are expected to significantly lower maintenance costs.
Robotics in Property Viewings & Real Estate Transactions
Real estate transactions, specifically viewings, are another area transformed by robotics and AI. By 2025, around 25% of showings are expected to be conducted by robots, according to a CBRE report. These robots will be programmed to answer potential buyer or tenant queries, offering real-time, interactive property viewings without the need for human interaction.
Rental Robots
Rental robots are an upcoming trend in the sector. McKinsey predicts that, by 2030, the autonomous robot rental industry will see a growth rate of up to 15% annually. Robots are expected to ease the renting process by undertaking critical roles such as customer service, property management, and retrieval and securing of leased properties. From easing people's access to services to securing and redistributing rented assets, robotics are set to substantially transform rental businesses.
Leasing Robots
Leasing robots are expected to augment business operations on an unparalleled scale. A study by Accenture suggests that robotic process automation in leasing could potentially save companies 50-70% of time on rule-based processes, making operations vastly more efficient and cost-effective.
Key Takeaways
- Robotics and artificial intelligence are dramatically altering the landscapes of real estate, rental and leasing sectors.
- Smart robots in property maintenance are projected to save significant costs and add substantial efficiency.
- Robotic-led viewings are expected to form a quarter of property viewings by 2025.
- The rental robot sector is set to grow at an annual rate of up to 15% by 2030.
- Robotic process automation can potentially save leasing firms 50-70% of processing time.
About 3Laws Robotics
3Laws Robotics is at the forefront of developing cutting-edge software designed to enhance safety and reliability in robotic systems. A primary focus of 3Laws is to simplify the certification process for robotic companies, which is currently a significant pain point. Using Control Barrier Functions (CBFs), a technology developed at Caltech, 3Laws' innovative software provides robust safety features and tangible proof of system robustness, which in turn, eases certification.
3Laws has demonstrated effectiveness in various applications, from warehouse automation to human-robot interaction and operating in dynamic environments. The software is adaptable to various platforms, including mobile robots, cars, drones, and manipulators. As a next-generation safety solution, 3Laws goes beyond traditional e-stop methods, offering proactive safety and enabling robots to navigate in unpredictable surroundings while operating at peak capabilities.