In a rapidly evolving commercial real estate landscape, the concept of smart buildings has moved from a futuristic ideal to an essential asset for property owners.
So is the changing regulatory landscape in the city, as seen, for example in Local Law 97, which imposes fines on building owners who fail to comply with increased energy efficiency mandates, further disincentivising prospective tenants.
Blending IoT and AI technologies, they offer significant advantages for commercial real estate owners, especially those with ageing property portfolios, helping to boost their occupancy rates.
We need look no further than London’s Canary Wharf, the once-unrivalled hub of London’s financial sector, now weighed down by the challenges of ageing infrastructure, evolving tenant demands and unprecedented office vacancy rates.
Survival of the smartest: The path to higher occupancy rates for commercial landlords THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS.
