Building Smart Buildings

Technology trends for Smart Buildings

Young entrepreneurs in the field of architecture, energy, and technology are getting oriented towards a sustainable approach. The opportunity for smart buildings is clear. But for many young start-ups, harnessing it requires a better understanding of real estate trends.

Many startups understand and benefit from key technology trends. It is now easier to collect and analyze building data. Nearly unlimited cloud data storage and analysis capabilities that are accessible to even the smallest startup. Additionally, inexpensive sensors have made their way into smart meters and can be deployed within LED lighting systems, among other form factors. Green buildings, based on certifications like LEED, have become widespread. There is research that highlights the direct financial benefits of such certifications, including an increase in rental premiums and sale prices.

Additionally, the energy savings realized in green buildings also reduce operating costs. And healthy building certifications, such as Well and Fitwel, seek to standardize and ultimately provide data on the financial benefit of healthy buildings. Similarly, recently published research shows that buildings with better connectivity can capture higher rents. If a building has green, healthy and wired certifications, it is likely a few steps ahead of its peers in becoming a smart building.

Following are the FIVE trends helping drive smart building adoption:

1. Rise of "as-a-service" in real estate
2. The office as an innovation and collaboration enabler
3. A renewed focus on space utilization and space analytics
4. Tenant demand for high-tech spaces
5. Continued demand for green buildings

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