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Is This Your Situation: You're Looking for Technologies to Make Your Commercial Buildings Smarter

 

The annual Counselors of Real Estate survey has tracked commercial real estate (CRE) data since the 1950s. The survey recently ranked smart technology as the second-most impactful trend of 2017. Innovators in the CRE field are rapidly advancing CRE tech this year. From beacon technology to building temperature control through biometric sensors, the following five technologies are making commercial buildings smarter.

1. Robot Staff

Soon, hotels with finely dressed human staff will be a luxury. This technology is sweeping CRE markets and someday even standard hotels may have automated features ranging from remote check-in to keyless room entry using your mobile phone. Imagine robots that clean your floors and tub when you stay at your favorite hotel.

2. Mobile Everything

Right now, you know can check in to an upcoming airline flight from your mobile phone. You can book your flight and even pick the seat you want from anywhere. That type of mobile everything is expected to be part of every new building project’s infrastructure. Experts anticipate the world being connected by somewhere between 6 billion and 50 billion mobile devices in the next three years.

For CRE, that means that buildings will have to be Wi-Fi enabled. As everything goes mobile and the Internet of Things expands, the need for deeper and broader wireless access for every commercial building will expand to all industries. The smarter the building, the more attractive it is to the current buyer market.

3. Cloud-Enabled Automation

Networking an office building that houses several companies and hundreds, sometimes thousands, of employees both on-site and remotely is an enormous task. New technologies are working to simplify some of those tasks with smarter platforms that coordinate and streamline processes through automation. Tax incentives for green initiatives can save businesses thousands of dollars in energy costs and credits every year. That, in turn, makes these types of commercial buildings attractive to the commercial buyer and tenant market.

4. Predictive Maintenance Systems

What if you could make a commercial building so smart that it could monitor, maintain, and repair itself? Incredibly, that’s the next step in CRE technology. Called “predictive maintenance,” this technology is geared toward reducing operating costs. Security monitoring and safe structural inspections are being handed off to smart systems built into the design of new or updated commercial buildings.

5. Sensors That Regulate Indoor Temperatures Using Biometrics

Would you be willing to pay more for an apartment that set the room temperature based on your body heat? CRE technologies are coming online that are using sensors to save on costs and improve occupant comfort through biometric data. Everything from lights to the indoor air can be controlled by this exciting new CRE technology.

Call us today to learn more about these up-and-coming technologies that will help you make your CRE investments even smarter — and more profitable.

 
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Steven Miller
Steven Miller
Partner
1 (843) 706-8440
smiller@websterrogers.com
1 Westbury Park Way, Suite 200
Bluffton, SC 29910
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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