According to a study from Memoori, the commercial real estate market is projected to have the fastest and largest growth in connected devices between 2016 and 2021.
Today, amid the flurry of smart homes, self-driving cars and smart wearable devices, only about 15% of commercial buildings are considered “smart,” with connected building automation systems in place.
But, that’s about to change, BIG TIME!
The commercial real estate (CRE) market is rich with opportunities for smart buildings to improve property management top- and bottom-line performance through expense reduction, increased property values and better workplace experiences for tenants.
Legacy building controls systems are overbuilt and expensive for most commercial building owners and operators. Those systems are being displaced by new, born-digital solutions, like those in the 75F portfolio of solutions. Fueled by the proliferation of affordable sensors and cloud computing, this new breed of building intelligence solutions is changing-up the economics of the real estate investment world.
Now, it’s more affordable and easier than ever to see net gains first hand from the affordable, yet sophisticated, building automation systems (BAS) that combine the Internet of Things (IoT), wireless communications, big data and cloud-based algorithms to make your buildings smarter, resulting in a more efficient and attractive property for both current and potential tenants. These new systems offer several ways to both reduce expenses and improve property values, netting positive for all real estate stakeholders - investors, owners, asset managers, brokers, property managers and, of course, tenants - the ultimate customers.
When you factor utility incentives for energy-efficient systems, or just the annual operational savings, building automation systems are becoming a smarter choice for property CAM, TI and upgrades on financial merits alone, before factoring the many workplace benefits. Perhaps the greatest value in smart buildings is in the improved workplace experience, with comfortable, healthy, productive and easily-managed indoor environments for tenants. An intelligent building system can play a key role in attracting, retaining and delighting tenants, offering lower energy bills, eco-friendly offices, and creating great places to work with healthy indoor air quality and unique occupant experiences, all tied together with operational efficiency.