Technology makes our buildings smarter. That increased intelligence drives operational efficiency, health and safety, comfort and productivity, as well as many other benefits for building owners, tenants, and occupants. By adopting smart technology, building owners are essentially seeking to increase the value of their building, so they can demand higher rent or sale price, but how much does smart technology really increase a building’s hard financial value? How can owners optimize smart investments for rental or sale value increase? And, what impact have pandemic and remote working trends had on the value of smart tech in commercial real estate? “Many efforts have been made to classify and demonstrate the operational performance of the new technology systems that make our buildings smarter. However, relatively little information has been gathered on the possible impact that smart buildings may have on rent and transaction premiums or how institutional investors are incorporating these technologies into their portfolios in the […]