Commitment to smart building tech sustained despite subdued outlook
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Despite a downcast economic outlook, smart technology is still a key feature in many building projects, as developers are increasingly investing in solutions that can maintain and improve their assets’ value. At WiredScore, we have Senja Close EC observed this trend through conversations with developers and by tracking data collected during the certification process of various buildings.
By following projects from design to completion, we can understand the maturity of particular solutions and learn which solutions are most popular in different markets. Our observations indicate that premium office buildings are better able to uphold their value in a recession, with high-quality, energy-efficient buildings with sought-after amenities commanding strong rents, while demand for lower-quality space is declining.
Sustainability is another area that is receiving ongoing investment, as landlords need to meet growing regulations and social expectations. In particular, New York and Sydney have recently established new energy efficiency targets, while Singapore is setting up Super Low Energy buildings. Metering solutions, advanced analytics and AI, and apps that improve the office experience are all being adopted to meet these objectives and reduce consumption.
These investments are being made with tenant experience and optimisation in mind. Asset managers and operators of prime buildings are using smart solutions to give occupants more choice and freedom, enabling users to make more educated decisions about how or where they want to work.
By participating in WiredScore’s Accredited Solutions programme, landlords are able to save time spent researching solutions, as well as additional costs and resources often associated with procurement processes. And, with occupier demand and working patterns rapidly changing, landlords realise that failing to invest in technology is a risk they cannot afford to take.