Richard Blox on artificial intelligence
From Episode 449: JLL's Richard Bloxam on the Foundations & Evolutions of Real Estate Capital Markets · · New York Stock Exchange
“We have a foundational platform called Fulcon on which all our AI applications are built, enabling our client-facing advisors to leverage insights and information that would be difficult to assemble on their own.”
On , Richard Blox, Global Chief Executive Officer of Capital Markets & Member of Global Executive Board at JONES LANG LASALLE INC, spoke about artificial intelligence during Episode 449: JLL's Richard Bloxam on the Foundations & Evolutions of Real Estate Capital Markets on New York Stock Exchange.
About Richard Blox
In a December 2024 interview, Richard Bloxam discussed JLL's approach to digitizing the real estate industry, stating that the company has been "pioneers in adopting technology" within its capital markets business to provide better insights to clients. He described a foundational platform called Fulcon, on which AI applications are built to help client-facing advisors leverage information that would be difficult to assemble on their own. Bloxam characterized AI as "an exceptional enabler" that allows teams to be more effective and spend more time with clients, while maintaining that the human touch remains pivotal. Bloxam also commented on market trends, noting that urbanization is a "phenomenal macro trend" driving demand for real estate solutions in global gateway cities. He said that while offices have attracted headlines, there is strong demand for the best buildings and an opportunity to repurpose office assets that no longer have a future. Regarding retail, he observed that online retailing appears to be reaching a saturation point, and retail is now experiencing low vacancy and strong rental growth. He added that the real estate market struggles with sharp changes in the cost of capital, and that stability in interest rates combined with GDP growth tends to elevate activity and investor confidence.