Smart technologies can attract tenants

A poll of landlords, property managers, agents and suppliers by CIL Management Consultants has found that respondents increasingly believe smart technology offers new and better ways to control building systems and to engage with tenants. According to the research, 58% of those polled see smart controls and sensors in their buildings as being important to their management, and 92% of respondents say investment in this area is increasing. James de La Salle of CIL said: “Properties in larger cities with higher rents can justify refurbishments and upgrades, so it is these buildings which are seeing the early investment. Older buildings and commercial real estate out of larger cities are likely to take longer to adopt this technology. However, as property managers build a stronger economic case for smart technologies, we predict a sector of high growth and strong margins, with clear benefits for commercial real estate.”

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