Commercial real estate has changed a lot thanks to technology, making it far more advanced to operate. Not just that, but because sustainability is a worldwide concern for modern construction, this is something else that is carefully considered with real estate.
With technology, these properties have completely transformed in the way they operate and are experienced. They are no longer an old concrete building that contributes to greenhouse gas emissions; instead, they are properties that are data-driven ecosystems that contribute more to net zero.
There is a lot that is now included with the modern building, which includes automated systems, communication improvements, and complex software that helps the building be more efficient and far more adaptable. That being said, it isn’t all just about improving the energy efficiency and overall sustainability; it also helps to focus on the well-being of those who occupy the property and overall productivity levels.
Commercial property has changed drastically over the last couple of decades, and it is all for the better. Let’s delve into the specifics of how commercial real estate has changed over the years with modern technology.
Integrated Building and Smart Energy Systems
Both BMS and EMS have completely transformed the modern commercial property. This is because of the data that they provide in real-time, which helps to add more control over the overall operations of the premises. These systems alone have a lot of work to do as they monitor the important aspects of the building, such as HVAC, Lighting, Plumbing, Security, and much more. Not to mention that they track the energy consumption of a building as well.
Sensor Networks & IoT Infrastructure
The Internet of Things has completely changed our lives. This isn’t just about work. It also includes our overall lifestyles. That being said, the IoT has also completely changed the way buildings operate. These are the central points for smart buildings as they have thousands of devices that are connected with one another and collect and transmit real-time data.
Sensors are also a big part of modern technology, especially with real estate. These will be able to detect movement, temperature changes, air quality, noise levels and even vibrations. As these sensors can do all of this, it can be cost-cutting on energy bills and help to be more sustainable.
Predictive Building Intelligence
Predictive building intelligence is something else that has drastically changed over the years, and probably something that you have noticed inside buildings yourself. This essentially means that the data which is gathered can also be used for actionable events. A good example would be central heating. The technology will be able to recognise when the heating systems get turned on and when they get turned off. Once the habit is built in, it will automatically do it without requiring anyone to do it manually. So it basically detects common trends, identifies anomalies and eventually forecasts operational requirements.
Something else that is worth noting is that digital twin technology allows facility teams to stimulate the building’s performance and test any operational changes that are required before deploying on a large scale. This means that they can reduce downtime, improve energy efficiency and provide tailored strategies for improving building performance.
Climate and Air Quality Management
HVAC systems are very common in commercial properties, and these are far more advanced compared to what they once were in previous years. Furthermore, they adapt in real time to internal and external conditions by using CO2 sensors, weather forecasting, and occupancy data to optimise the overall performance of the building.
In some cases, there can be mould in the room, which also creates poor air quality. HVAC systems can help remove the mould spores in the air; however, in this case, it may be better to consider mould removal.
Human Centric Environmental Controls
Something else that the modern building has is human-centric environmental controls. The well-being of those who use the building is always carefully considered, as productivity can help a business massively. So in this scenario, features like smart lighting can adjust the brightness and colour by responding to the natural light entering the building. Furthermore, it can also detect whether or not the room is occupied.
These complex integrated systems are far more advanced and help to improve settings on a user level, creating responsive spaces that boost satisfaction and overall performance of employees. Furthermore, these help to improve both the overall well-being of individuals and help to improve sustainability of a building.
Advanced Connectivity & Edge Computing
Something else that has dramatically improved over the last decade is connectivity, especially with the internet. The Internet is essential for a commercial building, which is why buildings need to be fitted with the best equipment to offer the best internet connection. This means that modern buildings are equipped with high-speed internet connections such as Wi-Fi 6, private 5G, edge computing nodes, which all process data on a local level, so response times are significantly quicker.
This level of connectivity reduces the reliance on the cloud and ensures a faster connection. It is very important for some of the other features which we have discussed, such as lighting and heating control, security monitoring and overall automation.
Making The Most of Space and Workplace Intelligence
We now live in an era where hybrid workspaces are far more common than before. With the use of occupancy sensors, badge data, and desk booking systems, data can be collected to see how the different areas are used. So, how does it benefit the occupants? Well, property managers and decision makers will decide on the layout, leasing, and energy use. Not to mention helping with the overall building operations.
Access, Security, and Cyber Resilience
The average control system in a commercial building has moved from keycards to more biometric and mobile credentialling. This makes entry and exit much easier compared to how it once was. However, these systems must be connected with visitor management, surveillance and also emergency protocols. Additionally, a lift company will also incorporate smart lift systems, which become part of the smart building ecosystem. Making it far more efficient, secure, and even touchless vertical transportation that improves both accessibility and safety.
Cybersecurity has also been a great concern for modern businesses, especially with how we are far more reliant on the internet and overall communication. This is why it is so important to protect systems that are constantly in use.
Sustainability
As mentioned previously, sustainability is also considered significantly in regard to commercial property. Smart building technology ensures that buildings are more sustainable and eco-conscious. Renewable energy systems are put in place to help reduce energy usage and are equipped with energy storage solutions.
To Conclude
There are many things that a building can do to ensure that it is operating better and being more sustainable. All of this technology can be expensive; however, in the long term, it can be far more beneficial to overall operating expenses and efficiency.
