Nestler Strategies
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Thoughts

Fordham Real Estate Institute PropTech Conference

 
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Attended an excellent conference focusing on technologies for building operations. Key take aways:

  • Sophisticated Operating systems are being developed to manage all aspects of building operations.

  • These systems collect massive amounts of data and use machine learning (AI) to manage and anticipate outcomes.

  • Sensors (Internet of Things) are installed to gather the data.

  • Some areas being targeted

    • Energy usage

      • Can result in lower financing costs

    • Carbon emissions

      • States and cities are creating laws that are driving the need to significantly reduce carbon emissions.

      • The recently passed Local Law 97 of 2019—New York City is an excellent example

    • Space utilization

      • “41% of commercial real estate is paid for, but not used”

    • Security

      • Cyber security

Historically, real estate has not been quick to adopt technology to manage operations, but clearly this is changing. It will be exciting to watch this develop.

 
EventsMark Nestler1 Comment