How Smart Building Technology is Revolutionizing the Future of Real Estate

People in commercial real estate will tell you that if we used energy-efficient building technologies, businesses could save the money they...

People in commercial real estate will tell you that if we used energy-efficient building technologies, businesses could save the money they spend on solar panels or windmills. Experts agree with the construction of energy-efficient buildings despite their support for the use of alternative energy sources.

Smart buildings have reduced human physical operations. They are equipped with an IT infrastructure of IP enabled electro-mechanical devices. These devices are connected and are send data for control purposes. With such an infrastructure, your building provides energy savings and much more.

The most crucial aspect to factor in tenant satisfaction. It can be achieved by the use of a centralized portfolio control with a highly efficient workflow. Use of advanced visualization and data analytics increases operational and tenant satisfaction. Of course, these installations guarantee a more energy-efficient building.

Buildings owners are cautious about the costs of running their buildings. Most of them are adopting the use of these art concepts and technologies to save on operational costs. If you have a renovation project on your house, apply these details to achieve a better structure than you had before. Consider a project that will improve your house to an intelligent building. It makes sense to incorporate all the aspects of a smart building in your old structure. Maximize energy and operational efficiency because both facts count when determining tenant satisfaction. Undoubtedly, your tenants will be willing to pay more for those houses.

An interesting example of the intelligent building approach can be the management of fire extinguishers. Sadly, it will take some minutes before locating a fire extinguisher in some buildings. Fire is an emergency and needs urgent response! With some necessary intelligent building technology, we can connect them to a network. This will enable the house owners to monitor them in real-time. Doing this will see you save on future expenses related to the inspection of the extinguishers. It also contributes sustainability the inspectors need to travel and probably by a car that causes air pollution.

Use of digital signage is another example of smart building technology that you can use in your construction. Instead of using the traditional way of tenant-to-landlord communication, you can use digital signage. Although it’s a bit expensive, it is economical in the long run. It’s also efficient and effective. Other than tenant communication, you can use digital signage for advertising people’s business and earning income. You will also have a convenient platform to share life safety information.

Smart buildings should apply automation in different areas including parking, voice/data HVAC, lighting, fire/life/safety, security/access, water management, energy, lifts, landscaping/irrigation, digital signage, audiovisual, and more. Of course, this will significantly improve tenant satisfaction.

If you want to make your Hong Kong buildings or any other high-rise building more sophisticated and utilize advantages of the available technologies, start to think about the main aspects of a smart building. They include tenant safety and satisfaction, energy efficiency and conservation, and operational efficiency. Including these categories in a financial justification model, it becomes easier to make a retrofitting decision and move your building into the new era.