Smart Cities

New Challenges for Commercial Real Estate Mean New Challenges for Cities

“The coronavirus disease (COVID-19) crisis has hit the commercial real estate sector hard. Containment measures implemented in response to the pandemic severely affected economic activity and reduced the demand for commercial property,” states the International Monetary Fund’s (IMF) April 2021 Global Financial Stability Report: Preempting a Legacy of Vulnerabilities. “Part of the adverse impact — particularly on the retail, office, and hotel segments — could be permanent, as some activities may continue to take place virtually in the future and others may relocate outside of large cities.” The impacts of the pandemic on commercial real estate could be permanent, forever reshaping our cities and the economy as a whole. The vacancy rate for retail space increased to 10.6% in the first three months of 2021 as more and more consumers convert to online shopping as a standard for many forms of purchasing. In fact, the percentage of retail purchases made online nearly doubled to 20% […]

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Smart Cities

Smart Cities Should be Driving the Development of Smart Buildings

In 1950 only 30% of people lived in urban areas, now over 56% of people live in increasingly crowded cities – and that is expected to rise to 66% by 2050 as an additional 2.5 billion people join the global urban population. Urbanization creates numerous issues for citizens, including congestion, pollution, and poverty, but our crowded […]

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Smart Buildings

Podcast #7: Artificial Intelligence + Domain Knowledge = A Smarter Building

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Smart Cities

Are Workplaces the Gateway Smart Environment?

What is the ultimate goal of smart technology? Is it to maximize productivity in workplaces? Is it to achieve net-zero energy performance? Is it to accurately predict human behavior? Is it to create digital urban utopias? Or, is it simply to make life better for users? There may be no right answer but all of […]

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