Smart buildings: How IoT technology aims to add value for real estate companies

May 10, 2019

TECHNOLOGY is changing the most fundamental truth about commercial real estate (CRE)—that value is based solely on location, location, location. While it still matters, of course, that a space be close to customers, employees, and/or suppliers, informationbased applications have the potential to add new ways for the CRE sector to create value for customers, differentiate from competitors, and even find new sources of revenue. Specifically, the Internet of Things (IoT) is already having a significant impact on the CRE industry, helping companies move beyond a focus on cost reduction. IoT applications aim to grow margins and enable features such as dramatically more efficient building operations, enhanced tenant relationships, and new revenue generation opportunities. Consider the increasingly popular smart thermostats that intuitively adjust the temperature, humidity, and light based on residents’ preferences and climatic conditions.

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American Properties Realty, Inc

American Properties Realty, Inc., A Licensed Real Estate Broker, continues its proud 40-year tradition of introducing award-winning communities, providing strategic real estate brokerage & providing consulting solutions throughout New Jersey.

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Spotlight

American Properties Realty, Inc

American Properties Realty, Inc., A Licensed Real Estate Broker, continues its proud 40-year tradition of introducing award-winning communities, providing strategic real estate brokerage & providing consulting solutions throughout New Jersey.

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