The Amazing Ways Commercial Real Estate is Using IoT to Boost Business Growth

 The use of Internet of Things (IoT) technology in commercial real estate is rapidly growing and is transforming the way buildings are managed, operated, and leased. There’s no doubt that IoT has been one of the most fascinating solutions for commercial real estate in recent times. Today, businesses are switching from traditional to modern-day managed office spaces with the motive of enhanced operations and increased sales. IoT-enabled workspaces are gaining more popularity than any other modern-day advanced workplace solution. 

In this blog, we will try to understand how IoT has helped the commercial real estate sector to implement advanced workplace solutions with ease. Here are some of the amazing ways in which commercial real estate is using IoT to boost business growth:

 

Energy Efficiency:  
IoT sensors can be used to monitor energy usage in buildings, allowing building managers to identify areas where energy is being wasted and take corrective action. This can lead to significant energy savings and cost reductions. These sensors are packed with advanced technological systems that restrict the wastage of energy and resources at the workplace. 
 

Occupancy Monitoring: 
IoT sensors can also be used to monitor occupancy levels in buildings. This information can be used to optimize space utilization, improve building security, and enhance tenant experience. This allows managed workspace platforms to have a record of vacant and highly occupied spaces which helps to create a better customer and employee experience. 
 

Predictive Maintenance: 
IoT sensors can be used to monitor the performance of building systems, such as HVAC, lighting, and elevators. By collecting and analyzing data, building managers can identify potential problems before they occur and take proactive measures to avoid downtime and costly repairs. 
 

Smart Lighting: 
IoT-enabled lighting systems can automatically adjust lighting levels based on occupancy and daylight levels. This can lead to energy savings and improve the comfort and productivity of building occupants. Smart lighting plays an important role in ensuring ergonomic office design which ultimately creates a direct impact on the performance of the employees. 
 

Security and Access Control:  
IoT sensors can be used to monitor and control access to buildings and specific areas within buildings. This can improve security and provide building managers with real-time information about who is accessing their properties. 
 

Tenant engagement: 
IoT technology can be used to create personalized experiences for tenants. For example, tenants can use mobile apps to control temperature and lighting in their spaces, receive notifications about building events, and report maintenance issues. 
 

Overall, IoT technology is helping commercial real estate companies to optimize their operations, improve tenant experience, and reduce costs, which can lead to increased business growth and profitability.  

Smartworks is one such platform that has successfully implemented IoT in the workplace. Smart washrooms, café, pantries, and IoT-enabled meeting rooms are all elements that show how successful it has been in fulfilling the client's expectations. The experience and zeal of both Neetish Sarda and Harsh Binani have helped Smartworks to witness this success in a very short span of time.