[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.the-future-of-commerce.com\/2020\/07\/27\/intelligent-buildings\/#BlogPosting","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2020\/07\/27\/intelligent-buildings\/","headline":"Intelligent buildings: Real estate moves to the cloud","name":"Intelligent buildings: Real estate moves to the cloud","description":"The difference between signing leases and posting \"For Rent\" signs is intelligent buildings. Cloud for real estate can make a greener future, with happier tenants.","datePublished":"2020-07-27","dateModified":"2024-11-05","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/amanda-magee\/#Person","name":"Amanda Magee","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/amanda-magee\/","identifier":383,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/31d192a92932f8061f51a1ebc0f27663f339079b63a5df3c859f0410e97e8775?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/31d192a92932f8061f51a1ebc0f27663f339079b63a5df3c859f0410e97e8775?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"The Future of Commerce","logo":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","width":172,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2020\/07\/inteligent-buildings.jpg","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2020\/07\/inteligent-buildings.jpg","height":375,"width":1200},"url":"https:\/\/www.the-future-of-commerce.com\/2020\/07\/27\/intelligent-buildings\/","about":[{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/","name":"Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Commerce","http:\/\/www.wikidata.org\/entity\/Q26643"]},"Construction + Real Estate",{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/intelligent-enterprise\/","name":"Intelligent Enterprise","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Intelligent_enterprise","http:\/\/www.wikidata.org\/entity\/Q6044119"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/customer-experience\/public-sector\/","name":"Public Sector","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Public_sector","http:\/\/www.wikidata.org\/entity\/Q294217"]}],"wordCount":742,"articleBody":"The way we move through the world continues to be altered by COVID-19. The seemingly mundane choices that once upon a time we made day in and day out \u2013 without so much as a second thought \u2013 are now the same thoughts compelling (and forcing) us to change how we work, where we work, and the thrust of what we do for work. For commercial real estate, the future is tied to people – specifically their emotions. So, what will it take for companies to prosper in a post-COVID landscape?Real estate, like the rest of business, has to factor in emotionWhile some around the globe emerge from the newness of a pandemic, others will be continually adapting to life in the midst of one \u2013 meaning temporary fixes won’t be enough. Given the continued uncertainty of vaccines and variants, how businesses think and feel about office and retail space is bound to change.Commercial real estate will need to consider people’s emotions, as\u00a0location, location, location\u00a0gives way to tenant satisfaction ruling all. Let’s tackle some of the feelings of the 2020 (and post-2020) workforce:Fear\u2014people are scared. They want control over their personal space, which is now at least a 6′ circle. Frustration\u2014”the way it’s always been done” is gone, but people still want to feel in control.Freedom\u2014the vigilance necessary to stay safe has people feeling overwhelmed by the responsibility of following protocol and ensuring that others do, too.Value\u2014the economic hit at personal and professional levels has been devastating. Spending feels risky without a guarantee.Intelligent buildings benefits: After a wake-up call, commercial real estate moves forwardCompanies previously of the mindset that remote work simply wasn’t a viable option for them are undergoing a reality-altering revelation. Indeed, remote work is here to stay. Meanwhile, selling and maintaining commercial space cannot remain unchanged. Appealing to the new priorities can be done by reframing what you sell and underscoring the value.Some of the benefits of intelligent buildings:\u00a0Confidence\u2014promote the ability to weather changes and enforce safety guidelines within the space.Information\u2014having spent weeks and months tracking numbers and procedures, people have expectations of accessing data.Efficiency\u2014surviving less cash flow, scaled back workforce, and shaky supply chain heightens the need for streamlining.Safety\u2014elevators, cars, lobbies, spaces that used to be shared are now suspect.Digital\u2014everyone spent more time online. We are moments from an absence in digital being tantamount to not existing.Cloud-based partnerships FTWThe difference between signing leases and posting For Rent signs just might be leveraging insights to create demonstrable customer service and savings. Thanks to the instinct and drive of companies that innovate to make us more agile and informed, new tools are emerging to help.A relatively new alliance between Honeywell and SAP focuses on harnessing data to improve the workplace. The idea is to simplify the highly decentralized nature of commercial real estate data that informs rental rates, measures efficiencies, and plans improvements. Based on Honeywell’s history of leveraging machine-learning models to operational technology, and\u00a0SAP Cloud for Real Estate, the collaboration offers an intuitive cloud-based solution, meeting the financial demands and environmental expectations of a post-COVID work environment:Decreased energy costs: The Honeywell Forge AI-automated system offers 6%-39% energy savingsA reduced carbon footprint: Monitoring & reducing annual energy spend can reduce carbon footprint and decrease maintenance hoursImproved tenant experience: Guides owners on up-to-date KPIs relative to how sustainable the building isReal-time data: 77% of the world’s transaction revenue touches an SAP systemA new lease on tenant satisfactionContracts are signed based on numbers and emotions; future commercial real estate contracts will be more than an agreement to occupy space. We’re moving toward a scenario that involves ongoing communication, trust, and flexibility. The ability to reposition portfolios through increased value and previously unrealized efficiencies will make it easier for building operators to adapt, thereby fulfilling tenant satisfaction in record time.\u00a0Other challenges looming on the horizon when it comes to intelligent buildings: are senior living facilities still viable; will video conferencing eliminate offices or create demand for soundproofing an internet strength; are fitness centers able to evolve for safety?Aligning landlords and tenants for organic and resilient partnerships establishes a mutual investment and a promise to have your back.   Reduce construction surprises, delays, and cost overruns with modern industry cloud solutions.See page 18 to learn how HERE."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2020","item":"https:\/\/www.the-future-of-commerce.com\/2020\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"07","item":"https:\/\/www.the-future-of-commerce.com\/2020\/\/07\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"27","item":"https:\/\/www.the-future-of-commerce.com\/2020\/\/07\/\/27\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Intelligent buildings: Real estate moves to the cloud","item":"https:\/\/www.the-future-of-commerce.com\/2020\/07\/27\/intelligent-buildings\/#breadcrumbitem"}]}]