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The commercial real estate (CRE) industry is busy adopting technology to streamline services, meet rising tenant expectations, and maintain profitability in an increasingly competitive marketplace. As a result, the departments involved with building operations are evaluating technologies that analyze building system data to reduce operating expenses and facilitate a better tenant experience.
This paper uses all available sources to quantify the costs associated with manual and outdated submetering infrastructures, as well as the savings that can be realized by switching to an automated service.
The fundamental truth that the value of commercial real estate (CRE) is mostly based on location is becoming undermined by a new factor – information.
Information around building operations have the potential to add new ways for the CRE sector to improve net operating income, create value, and differentiate from competitors.
Perhaps more than any other industry, Commercial Real Estate (CRE) is primed to reap the benefits of advances in Big Data and Internet of Things (IoT) technology. In fact, nearly 33% (equating to $11 trillion globally) of the industry’s assets are managed with manual spreadsheets.
Real estate managers are increasingly turning to technology in order to improve operational performance across their commercial real estate (CRE) portfolios. This paper outlines common problems that keep operators awake at night and how an operations performance system can address them.