How is commercial real estate likely to be affected if there is an AI bubble that bursts? For property investors, this could trigger a negative denominator effect with falling equity values forcing reductions in real estate holdings. As that occurs, commercial real estate stands to benefit, most obviously data centers, but other property types, as well. Those who banked on the long-term prospects of the Internet benefited greatly, including those within commercial real estate. It’s the growing use of AI that takes us to the question of the AI bubble and potential impact on commercial real estate.