Today, we demand everything from TVs, to phones, to automobiles to be “smart” and have the ability to connect to other devices or networks. The structures that we live and work in are no exception. In the commercial real estate market, added pressures from tenants and prospects are driving owners, developers and architects to integrate smart technology into their buildings in order to differentiate their properties and increase ROI. According to IDC Energy Insights, companies worldwide spent $5.5B on intelligent buildings in 2012, and the figure is expected to rise to $18.1B by 2017 – a 27.1% compound annual growth rate. So what exactly is a smart building and why is having the right network connectivity solution so important?
Anyone involved in the commercial real estate space should be familiar with the connected building and its exponential impact on property earning potential. The high demand for bandwidth from businesses in today’s digital era makes network connectivity a must have for commercial real estate properties. Three key trends are driving building connectivity: