Driving force of office leasing market

Market reporting company Statista predicts that the information technology industry will continue to grow strongly in the period of 2024 – 2029. The estimated growth rate is 458.6 billion USD, equivalent to a rate of 32.28%. In recent years, the world has witnessed a technology explosion with a series of new trends such as cloud computing, virtual reality, 5G technology, big data and especially artificial intelligence (AI).

AI is considered the biggest technological revolution since the advent of the Internet. Consulting firm Oxford Economics predicts that by 2031, AI is likely to replace 12% of current job positions, mainly concentrated in the office administrative group. In addition, many businesses in the legal sector are proactively applying AI to support reading and summarizing documents quickly and effectively. While the accuracy of AI is not yet fully trusted by businesses, the technology is still being used to optimize time-consuming tasks that do not require complex skills.