Smart Buildings

Commercial Real Estate Firms Embrace PropTech with IoT Platforms & Apps

This article was written by Daphne Tomlinson, Independent Senior Research Associate at Memoori. Real estate operators and service providers are proving to be early adopters of proptech innovations and IoT solutions as they focus on optimizing energy and operational efficiencies in their portfolios. They are developing their own in-house platforms, investing in startup companies (Real Estate Service Firms Seek to Differentiate through PropTech and Early Stage Ventures) and partnering with specialist IoT providers to test out new solutions (Partnerships & Investments in Startups Gain Momentum as Smart Building Players BoostInnovation). Real estate investment trusts are viewing proptech as a means to reduce annual operating costs, resulting in a significant increase in net operating income and a strong boost to property value. In the US commercial real estate market, we are seeing an increasing number of startups win facilities optimization projects aimed at optimizing energy consumption, increasing tenant comfort, while providing utility cost savings, as well […]

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