'Landlords expect rise in smart buildings due to innovation'

With technology playing a key role on how corporates strategise their future expansions, several landlords expect a rise in smart buildings with a preference to use modern technology rather than recreating old-fashioned properties, a report says.
According to a report by the property consultant CBRE, 84 per cent of landlords expect a rise in smart buildings as a result of technological innovation.
It further says it is essential for landlords to partner more closely with tenants when developing smart buildings.
"Today, IoT is supporting the development of a new breed of smart buildings hosting technological ecosystems that track and manage energy, environment, security and other key features. This allows real time interaction between building operators and tenants, and can improve employee experience," its Chairman, India and Southeast Asia Anshuman Magazine said.

He further said it is essential for landlords to partner more closely with tenants when developing smart buildings.
"They should engage with tenants at the planning stage to ascertain the features and technology they require," Magazine said.

The survey found that the combined use of energy management technology and indoor environment control sensors have been widely adopted by landlords.
More progressive landlords are beginning to provide flexible space solutions to tenants including co-working space and bookable rooms for meetings and events, it said.
"Using modern technology in new buildings will be convenient instead of recreating older properties. Landlords should partner more closely with tenants when developing smart buildings, engaging with tenants at the planning stage," he said.

Magazine added that India has the unique advantage of having several of these aspects already available here.