Top Facility Management Trends Driven By Technology
CIOREVIEW >> Facility Management >>

Top Facility Management Trends Driven By Technology

By CIOReview | Wednesday, May 4, 2022

Data is used for better indoor air quality and energy efficiency, and cutting-edge facility technology is increasingly advancing. 

FREMONT, CA: Students are physically attending classes, offices are filling up again, and real estate demand demonstrates that it is not only resilient but thriving. Although the pandemic has made projections challenging, several tendencies are emerging and will likely continue to spread throughout this year and beyond. One thing is sure: physical environments must provide stakeholders with the in-building experience, focusing on sustainability initiatives, indoor air quality, and building health.

Tenants prefer healthier and smarter buildings

Occupants are becoming conscious of the impact of indoor environments on their health, and they try to monitor it constantly. They want to know if the air they breathe is safe and if the offices are clean. Employees will require the guarantee of a safe out-of-home environment if they are unable to remain at home or outdoors. Along with the demand for healthier buildings, there is also a need to make buildings more efficient to reduce costs. Tenants and other stakeholders are increasingly interested in working, studying, or spending time in areas that make the most use of resources as building owners seek smarter, more efficient facilities. Building owners who focus on delivering healthier and smarter environments will have a better chance of satisfying current tenants and attracting new occupants.

Building standards attract and raise the portfolio value of renters

While renters push healthy building standards, they also attract new clients at more significant charges. It suggests that tenants are willing to pay a premium for healthy buildings, which are correlated with well-being and productivity. Certification piques the interest of those tenants' who may rely on those tenants to choose healthy workplaces, resulting in change. In industry circles, published criteria for healthy building standards are widely established and well known. When building owners utilize approved standards, their bottom lines improve. Owners and managers must consistently gather and analyze da for healthy building technology.

Building owners are concerned about sustainability

Owners and tenants will use smarter buildings that use data and analytics for safety and efficiency to pay less for energy while focusing on sustainability. People were not entering and using buildings as they had previously, resulting in lower energy consumption. Landlords and tenants will use technology to cut energy use and their carbon footprint. The goal is to allocate energy demand proportionally to available capacity. There are devices available that assist utility customers in determining if their energy comes from renewable sources. Property owners can purchase electricity only when renewables are available, contributing to corporate sustainability goals and lowering carbon footprints.