3 Companies Disrupting Commercial Real Estate
These 3 companies are embracing technology and permanently changing the future of commercial real estate: SGA, Siemens Building Technologies, and WiredScore.
SGA is an architecture, interior design, planning, virtual design, construction, and branded environments firm in Boston and New York. The company uses virtual reality (VR) and augmented reality in design for its new construction projects.
The virtual renderings developed from the 3D design models show the often intricate language of design from the initial planning, design development, construction, and facility management of the building.
SGA uses cloud-based technology to connect the owner, architect, and contractors in different locations through a virtual reality app available on any modern device, resolving potential mistakes before construction. This process combined with their virtual design and construction (VDC) methodology leads to optimal design solutions and returns significant savings by shortening the construction schedule.
Siemens Building Technologies
One of the challenges with original smart technology was each smart amenity (HVAC, lighting, etc.) had its own system and they were not truly connected together. Siemens solved that challenge by developing open IoT digital smart-building integrated solutions and providing the ability to have occupants interact with their environment. Combining this connected digital framework with space and building analytics can unlock tremendous value to the building operator, owner and occupant.
Siemens Building Technologies is a vertically-integrated company in relation to smart building design, construction and operation. Siemens leads in planning and implementing solutions for operational technology including connectivity, security, efficiency and additional tenant-focused features.
Andrew Krenning, solutions director – intelligent infrastructure, Northeast for Siemens Building Technologies, explains that Siemens’ technology provides, “more value to owners and occupiers in the form of lower capital and operating expenses, especially when involved early, to improve health and productivity benefits through smarter building technology infrastructure and systems. Siemens also improves building safety and security with real-time monitoring, mass-notification and fast emergency.”
WiredScore works with landlords and developers to understand and optimize connectivity within their buildings with their Wired Certification platform.
“The result of the certification platform,” says David Miller, head of Boston for WiredScore, “is a better tenant experience and an enhanced return on investment. When tenants look for space, particularly technology, advertising, media and information tenants, quality connectivity ranks second only to location in factors that influence the selection of a location.”
Miller says that WiredScore’s certification platform results in shorter vacancy periods and increases the price per square foot, which is invaluable to the landlord’s bottom line. WiredScore also is a consultant to landlord clients, helping to resolve technology issues that arise in a building.
The real estate tech solutions created by WireScore, Siemens Building Technologies and SGA are meeting landlord and tenant needs now and for the future by revolutionizing the construction, operation and evaluation of buildings. Changes are coming fast in real estate, and those players in the industry who have the foresight to invest in technology will gain a market edge over their rivals and be prepared for the future.