Australian use of artificial intelligence is likely to spark demand for an extra 483,000 square metres of office space by 2030, based on the number of new jobs the sector is likely to create over that time, according to research by JLL.
As a standalone sector, AI ranks 19th in an Australian economy led by mining, healthcare, professional services, financial services and construction. But by 2030, it will grow to become the second-largest after mining, JLL real estate economist Ronak Bhimjiani said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
