It’s Time For Buildings To Smarten Up

What are the growing priorities among those who manage commercial real estate? According to recent research, smart technologies and energy efficiency are climbing the ladder. CIL Management Consultants, a management consultancy, surveyed landlords, property managers, agents and suppliers about what they’d like to see implemented in the buildings they oversee. More investment in smart building technologies was a clear favorite going to the top of the agenda. More than half (58 percent) of respondents indicated that smart controls and sensors are important to building management. The vast majority (92 percent) report increased spending in this area. The added cost of these smart controls will likely lead to their implementation only within prime real estate, at least in the near term. That means Class A properties and top-tier markets. “Properties in larger cities with higher rents can justify refurbishments and upgrades, so it is these buildings which are seeing the early investment,” said James de La Salle, director of CIL’s built environment practice. “Older buildings and commercial real estate out of larger cities are likely to take longer to adopt this technology.” Click to read more at