Online marketplace platform provider Crexi has introduced Crexi AI, a suite of embedded artificial intelligence capabilities designed to support multiple stages of commercial real estate deal preparation.
The AI tools used are integrated directly into the Crexi platform to streamline transaction workflows and reduce the need for users to switch between systems during the deal process, according to the Los Angeles-based company, which also announced the public launch of Crexi Create.
“We built Crexi to democratize commercial real estate, and that means providing access to the best tools in the industry,” Michael DeGiorgio, founder and CEO of Crexi, said in a statement. “Crexi AI handles the preparation work that slows deals down and gives professionals more time to do what drives revenue: building relationships, winning business and closing deals.”
The platform’s AI outputs are based on proprietary transaction data generated through activity on the Crexi network, including verified listings, buyer engagement signals, ownership records and deal history. According to the company, the tools are intended to help brokers, investors and operators move through deal preparation and execution more efficiently by connecting data, insights and workflow functions within a single operating system.
Crexi cited findings from JLL’s Global Real Estate Technology Survey showing that 92 percent of commercial real estate organizations are piloting or planning AI initiatives, while 5 percent report achieving their AI program goals. The survey identified workflow fragmentation and reliance on generic data sources as key barriers to adoption.