Commercial Real Estate and occupancy data: Change for the better
Over the past several years, the importance of obtaining a more granular picture of what goes on within the walls of a building has grown dramatically. No longer inert, brick-and-mortar assets, buildings of all kinds now have vital signs generated by Smart Building technology to measure everything from energy efficiency and water use to the health of the air, the happiness of occupants and the cleanliness of washrooms.
The drivers of this transformation are many:
- Landlords and CRE investors have seen that Smart Building technology – a tax-advantaged capital expense – boosts monthly rental revenue, limits unexpected maintenance and damage costs and leads to a higher exit valuation.
- Building occupants, with memories of the pandemic fresh in mind, demand more data about the spaces they live and work in.
- Employers face new pressures to recruit and retain workers and lure them back to the office. By retrofitting older spaces with cutting edge technology, they are faithful to their duty-of-care obligations and avoid liabilities and retention issues.
- Building owners feel pressure from the market to compete with newly-built Smart Buildings and from tenants, investors and – in some places – regulators to prove they’re optimizing wellness and sustainability factors.
Microshare is at the forefront of efforts to retrofit the world’s offices, apartment buildings, factories and warehouses to help them remain relevant and to perform at the highest level possible.
Our EverSmart solutions not only produce steep cost reductions and labor savings, but they also provide an immediate boost to NOI and building valuation – and qualify for accelerated depreciation and other tax writeoffs in many jurisdictions.
Microshare is proud to support Propmodo in the production of this whitepaper and our global clients on the exciting journey toward a smarter, safer and more sustainable future. Join us: Be that team. Be EverSmart.
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For more information, email sales@microshare.io.