Smart Buildings

CRE Software Takes An Increasing Role In The Development Of Smart Buildings

“The Commercial Real Estate (CRE) technology landscape, has grown tremendously over the last five years, with Realcomm estimating 2,200 companies, with at least 500 new companies entering the space in the last five to six years”, states a recent Memoori report on Building Performance Software. While the definition of CRE technology often includes software for lease management, accounting and other specific real estate administrative functions; our report shows that there has been “explosive growth” in the number of new building performance software vendors and offerings targeted at the real estate sector. The most significant growth in real estate and property management software is expected to occur in the maintenance management market for smart buildings, as facility managers become increasingly concerned with aging buildings and complying with environmental and safety regulations. CRE has also found itself on the frontline of developments in the Internet of Things for Buildings, or BIoT, replacing traditional building automation systems (BAS) while adding extra value. […]

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