“BIoT technology penetration for small and medium-sized commercial buildings is well behind the curve in terms of adoption. This situation is largely a consequence of the business models and economic imperatives that have historically driven the building controls market,” our report on the IoT in smart commercial buildings stated. “Although the cost of building controls solutions is steadily declining thanks to the proliferation and falling cost of sensor technology, deployment costs of even the most basic BAS system remain beyond the means of most small businesses.” The vast majority of buildings are small and dumb, and it is their size that limits their access to smart technology. Smart building is a costly and disruptive long-term strategy, neither an affordable nor a safe investment for a lower-budget office market that’s dominated by shorter leases and a more transient tenant culture. Instead, the smart buildings industry has focused on large commercial real estate projects with the funds and foresight […]