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How AI is Reshaping Tenant Representation in Commercial Real Estate

Artificial intelligence (AI) is revolutionizing nearly every sector, including commercial real estate. For brokers and tenants alike, AI tools are changing how deals are sourced, evaluated, and closed. Nowhere is this shift more evident than in the area of tenant representation, where data-driven decisions and automation are rapidly replacing guesswork and manual processes.

The Growing Role of AI in Tenant Representation

In the context of tenant representation, AI acts as both a time-saver and a competitive edge. It enhances the broker’s ability to gather, interpret, and act on real-time data across multiple markets. Rather than relying solely on intuition and static reports, commercial tenant representation teams now use AI to deliver more strategic insights, optimize lease terms, and proactively anticipate client needs.

AI in real estate isn’t just about efficiency, but enabling smarter decisions. Through machine learning, natural language processing, and predictive analytics, brokers gain deeper visibility into trends, pricing, availability, and tenant preferences. Hokanson Companies understands the value of this innovation, and leverages AI to support data-backed negotiations and location strategies.

Streamlining Lease Negotiations With AI Tools

One of the most immediate ways AI is reshaping tenant representation is through automated lease analysis. These tools extract and interpret lease terms from large documents in seconds, flagging risks, renewal windows, escalation clauses, and anomalies that might be missed during manual review.

AI-assisted platforms can be used to:

Compare Leases Side-by-Side With AI Platforms

Using AI can be used to instantly compare multiple leases. This side-by-side view helps identify financial or operational differences between properties, giving clients a clearer understanding of what’s on the table and which terms provide the best long-term value.

Spot Non-Standard Clauses With Precision

AI identifies non-standard or risky clauses that may negatively impact tenants over time. By highlighting these items early in the process, tenant representatives ensure clients aren’t blindsided by unfavorable terms that could have been negotiated or avoided.

Recommend Negotiation Points Backed by Market Data

AI platforms suggest negotiation points by pulling real-time comps and historical data from the local market. Tenant representatives use this insight to strengthen bargaining positions, helping tenants secure fairer deals that align with current trends and property benchmarks.

The Role of Market Intelligence and Predictive Site Selection

AI in commercial real estate is also transforming how tenant representatives assess locations. Instead of relying only on site visits and historical data, AI platforms now analyze current market behavior, foot traffic trends, zoning data, and economic indicators in real time.

With predictive site selection tools, tenant reps can match client requirements with optimal properties based on:

  • Demographic and consumer behavior trends
  • Proximity to competitors or complementary businesses
  • Access to transit and infrastructure
  • Future development plans and regulatory risks

Hokanson Companies integrates this technology into its tenant representation strategies, offering clients a forward-looking view that helps them secure space in locations that align with both immediate and future growth goals.

Explore how Hokanson Companies’ tenant representation services use AI-driven insights to help clients secure smarter, faster, and more profitable leases.

Find Out More

Personalization at Scale: Matching Tenants With the Right Spaces

Every commercial tenant has unique needs, from space layout to location to amenity preferences. Using AI in real estate allows tenant representatives to go beyond basic requirements and tailor space recommendations more precisely.

With the help of AI-driven CRM systems and property matching algorithms, brokers can:

  • Filter listings based on client-specific workflows and industry needs
  • Score properties based on fit, not just price or square footage
  • Track preferences and feedback to refine future matches

This level of personalization improves tenant satisfaction and builds trust in the broker-client relationship. Hokanson Companies uses these insights to present more relevant property options earlier in the process to save time, reduce tour fatigue, and increase deal success rates.

How AI Enhances the Broker’s Role

A common concern about using AI in commercial real estate is whether it may replace brokers entirely. The reality is the opposite—AI enhances the broker’s capabilities rather than replacing them.

Brokers remain essential for:

  • Build Relationships: AI can’t replicate the human trust brokers build and relationships still drive most leasing decisions.
  • Navigate Negotiations: Complex deal-making still relies on broker expertise to handle nuance and resolve issues.
  • Provide Local Insight: AI lacks the boots-on-the-ground context brokers offer on markets, buildings, and trends.
  • Apply Strategic Context: Brokers connect AI-driven data to specific business goals and tenant needs.

AI acts as a powerful assistant, not a substitute. It frees up tenant representatives to focus on high-value tasks like consultation, conflict resolution, and long-term planning. At Hokanson Companies, we believe technology should empower human expertise, not overshadow it. That’s why we embrace AI as a tool to support, not supplant, our experienced brokers.

Property Management Implications: What Firms Need to Know

The rise of AI in tenant representation also has important implications for property managers. As brokers and tenants expect faster answers, better data, and more responsive service, property management teams need to adapt.

To stay competitive, commercial property managers should consider:

Digitizing Building Information

Digitally accessible floor plans, maintenance records, and occupancy data make it easier for tenant reps to promote your space.

Automating Maintenance Reporting

Smart sensors and AI-driven building management systems help reduce downtime and show that your property is well-maintained.

Streamlining Communication Channels

AI chatbots and automated scheduling tools improve tenant and broker interactions, leading to faster tour bookings and reduced back-and-forth.

Collaborating With AI-Savvy Broker Teams

Properties that are “AI-ready” tend to attract better-qualified leads and faster lease closures. Hokanson Companies works closely with property managers to ensure listings are positioned to meet these new expectations.

Embracing the Future of Tenant Representation

AI is no longer a futuristic concept, but a competitive necessity in modern commercial real estate. From smarter lease negotiations and faster site selection to better tenant matching and more accurate forecasting, AI tools are helping brokers deliver unmatched value.

Tenant representation is becoming more data-driven, more predictive, and more aligned with long-term business strategy. Companies that embrace this evolution can gain a measurable advantage in cost savings, space utilization, and lease outcomes.

By staying on the leading edge of this transformation, Hokanson Companies offers clients the clarity and confidence they need to secure the right space on the best terms. Whether you’re navigating a complex multi-market expansion or simply seeking a smarter lease, we combine the best of human expertise with powerful AI-backed insights.

Ensure Smarter Tenant Representation With Hokanson Companies

Hokanson Companies leads the way in modern tenant representation by combining decades of market expertise with the latest innovations in AI. As part of how AI is changing real estate in the USA, we leverage intelligent tools to help tenants make smarter, faster decisions with confidence. From interpreting market data to streamlining lease negotiations, our team uses cutting-edge technology to deliver strategic value at every phase of the leasing process.

Interested in using AI to elevate your tenant representation strategy? Let Hokanson Companies guide you into the future of commercial leasing with confidence.

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Heather N. Cagle

Vice President
hnc@hokansoninc.com

Heather Cagle joined Hokanson Companies, Inc. in 2013 as a Property Manager. Heather was promoted to the Senior Property Management team, and subsequently to Director of Property Management, where she focused her efforts on Property Management oversight of the Hokanson Companies Inc. departmental operations. In 2024, she was promoted to Vice President. Heather’s primary departmental clientele includes medical buildings, Class A commercial multi-tenant buildings, and industrial space. She oversees a team of property managers and technicians to provide services to approximately 7.5 million square feet of space in a sixteen-state geographical service area.

Heather graduated from Franklin College in 2007 with a Bachelor of Arts Degree in Journalism with a focus on visual communications and minor in Art.  She then acquired her Graduate Degree in Business Administration and Healthcare in 2011 and is also a licensed Real Estate Broker.

Heather serves by volunteering at her local Church as well as the local school system. She is currently the FCA Director for Mill Creek Community Schools. She has also illustrated a children’s book for Riley Hospital for Children as well as a children’s activity book for Indiana University.  Heather is a member of the Building Owners and Managers Association (BOMA). She chaired the Safety & Security Committee for BOMA Indiana in 2024 and was honored with the Property Manager of the Year Award at their 2023 Annual Meeting. Heather enjoys spending time with her family, cycling, and camping with her children.

Stephen J. Adams

Executive Vice President
sja@hokansoninc.com

Stephen J. Adams joined Hokanson Companies, Inc. in 2000 and now serves as the Executive Vice President for the company.  While leading the leasing and brokerage team over the past 25 + years, Stephen has grown his client list by being accountable, trustworthy and responsive at all times.  He manages his client’s corporate real estate needs from coast to coast through providing site selection, transaction advisory, tenant representation and acquisition/disposition services.

Stephen serves as the outsourced real estate partner to many major corporations and has developed long-term relationships by integrating and learning the business of his clients.  His proactive approach to cost savings has provided an invaluable benefit to his customers.  He continues to have success with both large, multinational companies and regional businesses as he earns his client’s business daily with an eye on strategic planning, both locally and nationally.

As Executive Vice President, he helps manage a team of seasoned professionals who provide expert market research, real estate knowledge, and function as a cohesive team to enhance the decision making of his clients.  Capabilities include strategic planning, market evaluation and transaction management.

Continuing the company’s history as the premier medical real estate provider, Stephen has developed relationships with the major hospital systems in Indiana, such as Indiana University Health, Community Health Network, Ascension St. Vincent, Lutheran Health, Parkview Health, Hancock Regional Health and Johnson Memorial Hospital.  In addition, representation services have been provided to many private physician groups such as OPTUM, Otolaryngology Associates, Dawes Fretzin Dermatology, Indiana Spine Group, Midwest Fertility, Northside Gastroenterology, The Surgery Center of Indianapolis, the Suburban Health Organization and the Indiana Hospital Association.

Stephen also counts several publicly traded REITS and Private Equity groups as clients.  Major investment sales experience includes on-campus MOBs at St. Vincent – Indianapolis, Indiana University – Methodist Downtown, Indiana University Health North and West Campuses, Parkview Health, Lutheran Health and various other campuses.  Also, he has completed several national, single-tenant, industrial sale/leaseback transactions including tenants such as Hershey’s, Firestone and several 3PL providers.

Stephen has devoted his time to various organizations including Noble of Indiana, Penrod Arts Society, Youthlinks Indiana, Hoosier Oncology Group, Allisonville Youth Baseball, St. Pius X School, and Cathedral High School the Governors Awards for Tomorrows Leaders.  He is also a member of the Stanley K. Lacy Executive Leadership Series, Class XXXVII.

Christopher M. Horsley

President and Chief Executive Officer
cmh@hokansoninc.com

“Working hard to make a difference to earn your business.”

Chris Horsley joined Hokanson Companies, Inc. in 1997 while completing his degree in Civil Engineering at Purdue University. Chris began his employment at Hokanson Companies in the construction area and in 2000 added Property Management to his responsibilities. Now as President and Chief Executive Officer, he focuses his efforts on construction, development, and property/facility management. Chris oversees a team of property and construction managers to provide management services to approximately 5M square feet in a 7-state geographical service area. Chris also works closely with multiple financial institutions to meet their bank branch real estate needs which includes a 140-branch system across a 3-state geographical area.

Chris graduated from Purdue University in 1999 with a Bachelor of Science in Civil Engineering. He holds a Professional Indiana State License for an Engineer in Training (EIT) and an Indiana Real Estate Broker and is a Certified Commercial Investment Member (CCIM). Chis is also involved with The Building Owners and Managers Association (BOMA) and is currently serving on the International Executive Committee and is the President for BOMA Indianapolis.

Chris enjoys spending time, working in the business, being outside, riding motorcycles, exercising, playing golf, and being with his family.

Boyd R. Zoccola

Chief Development Officer
brz@hokansoninc.com

“Your ideas become reality through our combined efforts.”

Boyd R. Zoccola serves as Chief Development Officer of Hokanson Companies Inc. With over 25 years of experience, he focuses his expertise on development of office and medical space, and corporate consulting. Boyd has been actively involved in the development of nearly $600 million worth of real estate, including client partners like IU Health, Springleaf Financial, Vectren Corporation, and Old National Bank.

Boyd’s industry involvement with The Building Owners and Managers Association (BOMA) is extensive beginning in 1994. He served as Chair and Chief Elected Officer of BOMA International, and has also served on the Executive, Finance, Medical, and Healthcare Facilities Committees. He also served and chaired numerous task forces along with being a panelist and/or speaker. Boyd’s BOMA Indianapolis experience includes positions as President, Vice President, Treasurer, Secretary, and multiple committee chairs. In addition, Boyd served as a Board Member of the Real Estate Round Table from 2011-2012.

Boyd graduated from Indiana University with a BA in Biology and is a graduate of the Stanley K. Lacy Leadership Series. Boyd has served the community through his involvement with Horizon House, Girls Inc., and the IYHA. He is a member of Second Presbyterian Church, Sigma Chi Alumni Association, Meridian Hills Country Club, and is an Indiana Real Estate Principal Broker.

Tony R. Townsley

Chief Financial Officer, CPA
trt@hokansoninc.com

“A great company has great people who are passionate about what they do! I am proud to be a part of the Hokanson Team, where we demonstrate that passion every day in helping our customers solve their Real Estate challenges.”

Tony Townsley serves as Chief Financial Officer of Hokanson Companies, Inc. Tony began with HCI in 2001, bringing with him 25 years of accounting and operations management experience including four years with Arthur Anderson. This vast knowledge has contributed to his success overseeing the corporate financial reporting, cash management, budget coordination, and year-end audit and tax responsibilities at Hokanson.

Tony graduated from Indiana University in 1985 with a Bachelor of Science degree in Accounting. He is a Certified Public Accountant, and was appointed by the Governor to serve on the Governor’s Council of Impaired and Dangerous Driving. Tony also served on the Wine and Spirit Wholesalers’ Board of Directors. Currently, he’s involved with the Merciful Help Center, and is an active member of Our Lady of Mt. Carmel Catholic Church.

Tony enjoys spending time outdoors with his family, camping, fishing, biking, and reading. Those same family values led him in publishing a children’s book titled “Three Cups”, which teaches children how to save, spend, and be charitable with their money. There are more than 50,000 copies of the book in distribution.

Jay B. Gehl

Vice Chairman
jbg@hokansoninc.com

Jay Gehl serves as Vice Chairman of Hokanson Companies, Inc.  With over thirty years of experience, Jay has been directing and managing the company’s expertise in the areas of corporate advisory work, strategic planning, tenant representation, financial analysis of leases, brokerage, and build-to-suit assistance.  He has been instrumental in assisting the efforts of several major corporations establishing or relocating their corporate headquarters and managing vast portfolios of leased and owned properties across the United States.  His attention to detail and his unparalleled customer service have been the foundation of his relationships with the institutional customers served by Hokanson Companies, Inc.

Jay has excelled in investment sales with multiple transactions each year that annually rank him as a top producing broker on a local and national level. In addition, Jay’s efforts have helped corporate clients establish or renew leases in facilities across the United States from Connecticut to California.  He has also served the international needs of his clients in six countries including a facility in Turrialba, Costa Rica with 230,000 square feet and 35 acres.

Jay’s resume includes multiple build-to-suits of logistics and manufacturing facilities.  In addition, investment sales such as the 550,000 square foot U.S. Postal Facility in downtown Indianapolis and a 450,000 square foot medical portfolio make Jay a top producer in the local market while managing a team of highly experienced real estate professionals.  The success of Jay’s business is benchmarked by the multiple transactions and ongoing relationships with customers that have remained satisfied by the level of service and the quality of the transactions resulting from his guidance.

Today Jay continues to excel at providing excellent advice and service to several customers that lead their individual industries in quality, growth, and innovation.

Stephen P. Hokanson

Chairman of the Board and Chief Executive Officer, CRE, CPM, RPA
sph@hokansoninc.com

“We put our clients’ interests first… always.”

Steve Hokanson serves as Chairman of the Board and Chief Executive Officer of Hokanson Companies, Inc. He began with HCI in 1971, and has been its President and CEO since 1983. When Steve joined the organization, Hokanson Companies was primarily focused on property management. Under Steve’s leadership, Hokanson Companies has grown to include four active divisions and five separate disciplines.

HCI currently manages over 6 Million square feet under its property management division, and has over $100 million in project management and development. Its sales and leasing division closes over $100 million in sales and leases annually, while they continue to be very active in construction management for its various clients and out-of-ground buildings.

In addition to his role at HCI, Steve has also fulfilled numerous civic and professional leadership roles locally, statewide, and nationally, including the International President of BOMA International 1991-1993. Steve’s other accomplishments include being selected for the Stanley K. Lacy Executive Leadership Series, the Eagle Scout Silver Beaver Award, the National Distinguished Eagle Scout Award, named in Outstanding Young Men in America, and the Sagamore of the Wabash award, which is the highest award given in the State of Indiana by our Governor.

Steve Hokanson graduated from Indiana University in 1969 with a Bachelor of Science in Management and Administration. Steve is a licensed Real Estate Broker in the State of Indiana, and his designations include Counselor of Real Estate (CRE), Certified Property Manager (CPM), and Real Property Administrator (RPA).