Issue link: https://resources.tangoanalytics.com/i/1536796
Smarter Leasing Introduction: Reframing Lease Management with AI In just a few years, artificial intelligence has shifted from a futuristic concept to an operational reality, and for those in the corporate real estate world, this shift is transformative when it comes to lease management. Once a slow, manual, and risk-laden process, lease administration is being reengineered into something faster, smarter, and more precise. What once depended entirely on memory and manual tracking is now augmented by intelligent systems capable of parsing dense documents, spotting risks, and surfacing strategic insights automatically. Copyright © 2025 Tango. All rights reserved. www.tangoanalytics.com Modern real estate portfolios are growing in complexity, spanning jurisdictions, asset classes, lease contract types, and regulatory frameworks. Managing them today requires more than spreadsheet tracking or manual oversight; it demands precision workflows, proactive risk management, and strategic foresight that enable speed and scalability. This is where AI is emerging as the solution: not to replace lease professionals, but to elevate them. The Time to Act is Now ChatGPT's 2022 debut launched an era of experimentation, but 2025 is where execution on AI is the norm across most corporate enterprises. AI in real estate is now projected to grow at over 34% CAGR, reaching nearly $1 trillion globally by 2029. Solutions like Tango's "Ask Tango" and lease abstraction AI are already reshaping how companies handle everything from document intake to portfolio forecasting. Machine Learning, Generative AI (GenAI), and Agentic AI are reframing lease operations. Rather than replacing professionals, these systems handle the tedious work, such as document interpretation, clause extraction, and compliance checks, so that lease administrators can focus on strategy. In the pages ahead, we'll break down the evolution of lease management technology, clarify how different types of AI work (and why that matters), and explore real-world use cases for AI-powered leasing. You'll see how AI creates measurable impact across departments from real estate strategy to legal compliance and finance forecasting, and discover how to assess your own organization's AI readiness. 1