Smart commercial buildings are in demand. That’s the conclusion of several studies that suggest we may be on a turning point for smart building development, one that moves them from a niche, high-end facilities to a standard in our business districts. An MIT Center for Real Estate report, which analyzed data of over 650 smart and non-smart buildings in New York, showed that rent for smart buildings was 37% higher than for non-smart buildings. Smart buildings are often new, well-located, and hold a certain prestige but to command this much more rent, on average, suggests that the smartness makes up a large part of the tenants’ decision. Other research supports this theory idea. A survey by Radius Global Market Research for WiredScore found that a building’s internet connectivity is fundamental to commercial real estate decisions. Of the respondents, 87% say that connectivity is an important factor in selecting a work environment. This figure was edged […]