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Impact of Shifting Social Norms Owner, Operator and Occupant
There are a number of key stakeholders that influence the lifecycle and success of a building Owner Includes builders, developers and/or Operator Includes landlords, tenants and operators who manage and/or lease building space
financers in the construction of buildings Measure ROI on investments: Does adding a gym or other amenity spaces increase return-to-office foot traffic? Incorporating intelligent technology and software today can shed light to the answers. Deploy open and extensible technology stack: The legacy of proprietary network and protocols of building management systems locks in customers but also locks out interoperability and innovations. Conformance to sustainability requirements: Governments have begun to provide incentives for new builds and major retrofits to achieve sustainability goals, as well as imposing penalties for failing to do so.
Lower maintenance cost and energy consumption: The emphasis on sustainability has added new weight to limiting truck rolls and saving power. Predict demand and eliminate waste: Occupancy volatility associated with hybrid work makes providing the right level of amenities without compromising tenant experience, or minimizing waste, more difficult. Simplify management: the “smartness” of the building used to come at the expense of complicated building management systems. Collaborative technology and AI will reduce work, not increase it.
“The recent disruption of workplace expectations, combined with a critical time period for the transition towards clean and low energy use infrastructure has created strong interest from global investors for Intelligent Buildings which can achieve both their financial return as well as sustainability mandates.” Andrew Karsh, Co-Founder and General Partner, Bay Bridge Ventures Driving the return to workplace: LEED certified buildings can drive higher rents by 31%, while these green environments can attract talent and foster return to office. 40% of millennials have accepted one job offer over another because that company was perceived to be more environmentally sustainable, and millennials and Gen Z make up 72% of workforce. CBRE 2022
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