Smart office buildings increase bottom lines

In my opinion, over time there will be a greater rent spread between newer, smarter office buildings as compared with class B and C “dumber” buildings. There will be a number of reasons for this increasingly larger rent differential. Modern Class A office buildings with state of the art building systems can run much more efficiently. Computerized HVAC and lighting systems versus old packaged rooftop units which might be on Class B and Class C buildings will sense where and when spaces are occupied and adjust temperatures and lighting accordingly. “Smart buildings collect data from occupants and adjust systems in real time to enhance comfort and efficiency. The Comfy app allows occupants to vote on temperature and lighting levels with their smartphones.” Happy employees are more productive employees and companies will be more willing to spend on higher rent in smarter office buildings as this goes right back to their bottom line. (The Registry, October 8, 2018)