Smart Buildings

Small Commercial Buildings Are a Big Opportunity for Technology Growth

Our image of large cities tends to be dominated by skyscrapers and large office complexes, but the reality is that these big buildings only make up a tiny fraction of total commercial building stock. In fact, 94% of the commercial building in the US are made up of properties with under 50,000 square feet of floor space and the situation is similar or even more pronounced in other markets around the world. While large commercial buildings with dedicated facilities managers and building management budgets have dominated smart technology adoption, the vast stock of small- and medium-sized buildings now present the real growth opportunity for smart building solution providers. “BIoT technology penetration for small- and medium-sized commercial buildings, in particular, 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 The Internet of Things […]

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