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Smart building technologies help transform the commercial real estate market

Texans involved in commercial real estate should be aware of the latest building technologies as smart buildings tend to have higher occupancy rates.

According to experts, nearly half of the U.S. workforce will be working as freelancers by 2020. By the time they reach age 38, they are expected to have held an average of eight to 10 jobs. This changing economic landscape makes it more important for developers and owners to ensure their buildings and spaces more attractive through optimization.

Smart building technologies have advanced with the availability of the internet of things. This technology allows owners and developers to control all of the systems in their buildings from anywhere with their mobile devices or wearables. The internet of things connects a building’s HVAC, security and lighting systems so that developers and owners can see visualizations of how they are working. By pinpointing areas of inefficiency, the owners can make adjustments to improve energy efficiency. Owners and developers who are able to advertise that their spaces have these types of technologies installed may thus be able to make their properties more attractive.

Achieving full occupancy rates is the primary goal of most commercial real estate developers and owners. In addition to helping owners and developers with the legal aspects of their transaction or dispute, an experienced real estate attorney can also provide guidance on how to make properties more attractive to prospective buyers and tenants.

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