the answer to the question: “what could we do to increase our utility recovery?” is buried in a maze of excel files. The challenge is common and persistent. Every file is different. Seemingly innocuous variations can force property managers to manipulate formulas to make numbers “feel” right.
Read MoreIn 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 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 MoreThe “flight to quality” is happening across property types. The challenge is that the definition of “quality” has changed significantly in the last two years. This change generally falls into three broad categories: ESG reporting, building efficiency and health/wellness for occupants.
Read MoreMost of the time, green leases are part of a larger sustainability/ESG strategy and therefore can be glossed over without fully understanding what they do (and where they fall short).
Read MoreTenant expectations have changed. Leading landlords are providing more than four walls and a roof. They are providing data and services that help tenants meet their goals.
Read MoreThe trend is clear: industrial owners need to gain access to utility data that is currently paid for (and thus controlled) by tenants.
Read MoreIn a year when utility costs have risen by 10% on average, focus needs to be on what can be done, right now, to bend the curve on controllable operating expenses.
Read MoreTo maximize the value of technology that supports the net zero journey, owners and operators should leverage the “jobs to be done” framework. First identify where technology can accomplish a specific task. True innovation happens when technology does that job better.
Read MoreThere are two key insights that the most sophisticated owners and operators have picked up on that, when taking advantage of, change the frame of the conversation and lead to meaningful reductions in consumption.
Read MoreThe truth is, from a technology perspective, there’s always a natural tension between serving users and serving managers. It almost always boils down to robustness of reporting versus ease of use.
Read MoreLandlords have been adopting tenant engagement apps to make amenities more accessible, but provide very little when it comes to making their energy data more accessible. Clearly, there’s a massive disconnect.
Read MoreAutomated meter readings and tenant billing is a worthy goal. But the cost, complexity and headache is usually enough to deter large portfolios. However, there is a blueprint for success that can be followed to increase recovery, save time, and improve ESG efforts.
Read MoreLong before ESG was the hot topic in commercial real estate, owners understood that their ability to save costs through energy efficiency was limited. Now, owners are being forced to look again at what can be done to influence tenant consumption.
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 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.
Read MoreEnertiv’s clients consist of REITs and private real estate companies. They own and/or operate a broad mix of properties. Their investment strategies and lease structures vary widely. Some are comfortable with technology, others are just getting started.
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