HOW DIGITISATION CAN HELP MAXIMISE THE VALUE OF YOUR BUILDING

The webinar dissected the different aspects of increased quality, cost-effectiveness, and attractiveness of properties, in commercial buildings which help them maximize property values and rents.

The commercial real estate market has been in the midst of a transformation for the past several years as the focus has been on keeping costs down, making spaces more appealing to tenants and offering energy-efficient infrastructure to meet the sustainability goals.

However, the pandemic has caused commercial real estate companies to rethink providing services and functionality that prioritise health, safety, and compliance to tenants and those tenants’ employees and customers.

Increasingly, commercial real estate companies are deploying IoT based or smart technologies to help achieve these goals not only for themselves but also for their tenants. These technologies include HVAC controls, access controls, security & surveillance systems, lighting controls, energy management, among others.

Whether it’s cost savings, increased security, worker safety, or better energy management, these types of connected solutions not only provide, but they also lend themselves to creating new data sources that commercial real estate companies and tenants can use to drive business value

With the pandemic still causing persistent impacts, the stakes are at an all-time high for commercial infrastructures and the marketability of these buildings entirely depend upon meeting occupant expectations to attract tenants. To keep up with the emerging trends of urbanization, digitization and sustainability, a complete digital transformation of buildings is long due. Digitisation is the most plausible solution to create people-centric infrastructures that are designed for wellness.