Smart building technology promises to revolutionize our built environment but as yet it really only applies to the biggest buildings, the 10% of commercial real estate where return on investment (ROI) is attractive enough. For the vast majority of buildings, the small and medium sized commercial real estate, this revolution is yet to take shape – and there really is no revolution without this fundamental group. Until recently, smart building technology, the kind that monitors and controls ventilation, heating cooling, lighting, power and others systems just didn’t make sense for buildings under 100,000 square feet. Smart building management technologies typically cost upwards of $2.50 per square foot, so it can take years to realize ROI for small to medium sized buildings. This price point means that nearly 90% of buildings contain little or no smart technology at all. However, recent hardware and software developments are beginning to address this issue. A new generation of low-cost, […]