In commercial real estate, every minute wasted on administrative tasks and inefficient data management translates into lost opportunities for serving tenants and maximizing NOI.
Read MoreNow that the dust has settled on the interest in generative AI caused by the launch of ChatGPT, owners and operators of commercial real estate are taking a sober look at how AI and machine learning can deliver value for their business.
Read MoreWithout knowing the current state of things, owners would be flying blind. It would be impossible to follow an investment thesis without understanding the capital and operating requirements of your assets. And yet, many portfolios still perform this function on clipboards.
Read More"How do we get tenants to care about sustainability and their role within that? Even something as simple as recycling seems challenging at the building level." Landlords are on the hook for performance, even when they control a minority of what drives emissions in a building.
Read MoreCollectively, owners miss their capital budget projections by over $12 billion annually. A significant reason for this is the lack of visibility into operations and maintenance in triple net leased assets. Firms that can better forecast will find a significant competitive advantage.
Read MoreThe primary issue when it comes to maintenance is that incumbent providers do not meet the needs of modern owners and operators and, at the same time, the value of real-time monitoring is not being realized because of the siloed, disparate nature of those solutions.
Read MoreBy digitizing all the building’s information, it has given Johnny flexibility and allowed him to find the best providers for the job. He had previously been stuck with poor performing third party vendors because they were the only ones who knew the building.
Read MoreThere are very talented people at the top, coordinating the various moving pieces and stakeholders required to tackle decarbonization. But ultimately, their fate is going to be determined by the actions of those in the trenches; the building engineers, technicians and property managers.
Read MoreTo make significant reductions, there will have to be improvements to the infrastructure on which buildings run. These fall into three broad categories: Conservation (eliminating waste), energy efficiency (improving baseline efficiency), low carbon fuel selection (electrification)
Read MoreBuilding operators must be part of the ESG strategy and yet, they cannot be expected to drop their core responsibilities. Technology will work best when it automates “new work” related to ESG, and augments standard workflows to serve ESG goals.
Read MoreThe same portfolios that have invested huge amounts of money and time in standardized millions of end points in a secure data warehouse still have their engineers doing their operational workflows the same way they have for decades. Why is that?
Read MoreThere is a framework emerging that is helping owners and operators understand how to segment operational activities in a way that can effectively be covered by broad, consolidated platforms. This framework splits up the “Front of House” and “Back of House” technologies.
Read MoreThe truth is, an entire generation of engineers retiring is one of the existential crises facing the commercial real estate industry. The pandemic isn’t helping either. Workers are now leaving the labor force due to retirement at twice the rate they were pre-pandemic.
Read MoreDue to popular demand, this article expands on one of the categories covered in Enertiv’s comprehensive buyer’s guide for operations technology in commercial real estate: indoor environmental monitoring, HVAC maintenance, and ventilation monitoring.
Read MoreThe best thing to do in the face of extreme uncertainty is to become more flexible. To gain the ability to respond to whatever situation presents itself and to be able to make adjustments when that situation changes, however quickly or gradually it does.
Read MorePaul Ceronio has 15 years of facilities management and operations experience in commercial real estate. His advice to CRE owners is to embrace technology to maximize net operating income, provide a premium tenant experience, hit ESG goals and keep staff happy.
Read MoreCapital planning relies on rules of thumb, opinion, and a fundamental lack of data. But it doesn’t have to anymore. Low-cost equipment monitoring can track the factors that affect useful life continuously and over time to dramatically improve profitability.
Read MoreComparing technology solutions on an apples-to-apples basis continues to be difficult. Expertise in financial analysis, property management, or even building engineering doesn’t necessarily translate to understanding how technology could be deployed to streamline work and reduce costs.
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