5 Reasons Why You Should Invest in Smart Building Technology

Commercial real estate is a considerable investment, and it's essential to make sure you're getting the most out of your property. One way to do that is by investing in smart building technology. A well-designed Wi-Fi network can be used for various purposes, like improving cellular service for customers, and it can also regulate HVAC and lighting. At GPG Advisers, we use the highest network standards in all of our projects, so you can be sure your investment is safe. Here are five reasons why commercial real estate owner-operators should invest in smart building technology across their portfolio.

1. Increased efficiency and productivity in the workplace

If a space is uncomfortable to work in, people will spend less time inside. Without automated climate control inside a building, it's almost impossible to ensure a space is comfortable enough to be in for extended periods. On the other hand, if the space is consistently comfortable, people will use it more. Both temperature and lighting have innate connections to our sense of safety, and so ensuring that space has environmentally optimal conditions while occupied and financially optimal conditions when unoccupied will ensure that the property runs as efficiently as it possibly can.

2. More money saved on energy bills?

The financial benefits of smart buildings are what ultimately draws in most investors. Automated buildings use significantly less energy and, therefore, cost less money. Moreover, smart buildings are safer and easier to maintain. During the hot summer months and freezing winter months, smart technology can save some portfolios hundreds of thousands of dollars on energy bills. Smart building technology was especially vital during the pandemic when many commercial property owners had completely unoccupied buildings for months and sparse foot traffic for years.

3. Reduced environmental impact

Smart buildings are not entirely new, with HVAC systems capable of maintaining a "setpoint" across a large area for several decades. However, one of the more impressive capabilities of modern smart buildings is lowering their environmental impact significantly. With or without alternative energy generators like solar, wind, or geothermal, smart building technology can significantly reduce the impact a building has on the biosphere. With better, easier carbon accounting software available, it's also easier to achieve net-zero emissions through carbon credit trading and similar environmental marketplaces.

4. Increased safety for employees and building occupants

Ensuring the safety of your customers and tenants is much easier with a web-based security system. Moreover, sensors and alarms can be monitored and controlled remotely via Wi-Fi and set to automatic schedules. This ensures that the building can secure itself even when security occasionally forgets to lock a back door or closet full of expensive hardware. Most importantly, if there's a security risk, smart building technology can help you learn about it before a person does.

5. Enhanced connectivity and communication

Smart building technology includes Wi-Fi infrastructure, ensuring that tenants and customers stay connected while on your property. It can be difficult or impossible to get a cellular signal in and around large concrete buildings, and Wi-Fi can be used as a faster, more secure alternative. Even better, through a carrier offloading partnership, you can get paid by mobile carriers to host their customers on your Wi-Fi.

If you're interested in investing in smart building technology, send an email to [email protected].