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Everything you need to know about the new PropTech for smart buildings
Until now, the promise of smart building technology was only achievable for large real estate companies with budgets of many millions of dollars. The Internet of Things IoT (in which a network of physical devices, appliances and software connect and exchange data to support automation) has been prohibitively complex and expensive for most building owners and facility managers to explore.
Technology used to power the Internet of Things (IoT) began as custom, proprietary systems. Adding connectivity meant wiring up buildings and replacing appliances. Installing sensors to collect data was costly and time consuming. And so, most commercial real estate (CRE) companies still use manual methods to collect and confirm the data they rely on to manage building temperature, layout, and maintenance schedules.
Next-generation PropTech makes smart buildings accessible for all
Today, PropTech solutions embedded with smart, wireless sensors are radically changing the smart building industry. Affordable, low-maintenance PropTech means real estate companies of all sizes can also experience the benefits of the Internet of Things – cost savings, increased margins, and improved tenant relationships.
In addition to cost savings, innovative real estate companies can offer tenants advanced features and services that can command premium prices. In fact, as tenants come to expect a smart experience, buildings without them may have difficulty filling space and may need to lower their prices.
We are excited to partner with innovative real estate companies and PropTech companies to make the promise of smart buildings a reality.
Our team of experts assists teams with financial and professional issues and the ultimate goal is to help technology companies continue to grow and grow – while tailoring services in a personalized manner, full availability and close accompaniment.
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