Report Summary: The ULI UK Young Leaders were back again for a third instalment of their YL360 Roundtable Series, this time to discuss the intersection of two hot topics: AI and Retrofit. Taking place on a Thursday evening at PLP Architecture’s offices in the City of London, participants debated how AI could be used to tackle the challenge of retrofit to meet our Net Zero targets and how it might impact the wider real estate industry. Over the past year the potential of AI has captured our imagination – with applications such as Midjourney and ChatGPT demonstrating the incredible power of this technology. In Architecture and Real Estate, we are starting to see how AI can be applied to enhance the way we work from writing reports to optimising design solutions. In parallel the industry has started to consider what we need to do to address climate change and in particular the target of achieving Net Zero by 2050. 80% of the buildings that will exist at this date have already been built, so the industry is starting to explore how to reduce the emissions associated with these buildings through retrofit.
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