Smart Buildings

The Smart Redevelopment Conundrum: New Build vs Retrofit

Smart building technology has demonstrated its worth in recent years, and this is creating some difficult choices for building owners, namely; get smarter or risk losing tenants, and then either retrofit your current building or start fresh with a purpose built smart building. Commercial property owners must consider all the options before they start to lag behind the competition. A report by the American Council for an Energy Efficient Economy found the average building should expect to save approximately 18% on their utility bills with the introduction of smart technology. That’s just the beginning however, benefits for occupant safety, comfort, health and especially productivity have shown that utility savings are just the tip of the iceberg when it comes to the value added from smart upgrades. Furthermore, tenants are increasingly demanding their office space be smart for all these reasons but also so they can attract the brightest young talent. “A highly functional and attractive […]

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