In our last blog about sustainable CRE, we looked at the value of investing in environmentally sustainable buildings. This time, we’re going to focus on one of the challenges of building a sustainable CRE portfolio: namely, how to ensure your tenants use your building in an environmentally-conscious way.Whether you are a CRE landlord, owner, investor or asset manager, this should be of interest to you. Why? Because the activities of occupiers could make up as much as 70-80% of a building’s total carbon footprint (source: EG). So even if you have a host of green building certifications and have installed super-efficient main building services , how your building performs depends significantly on how your tenants operate within it.This is known as the ‘'performance gap’: the difference between how a building should perform when it’s designed, and how it actually does perform when it’s occupied.
Exception alerts are the bread and butter for most energy management platforms. In fact, you’d be hard-pressed to find a platform that doesn’t offer them as a feature in some capacity. But in all honesty, how many times have you seen them actually work?On the surface, they look pretty straight forward. Set some arbitrary thresholds, and wait to be notified when something goes wrong. One of two scenarios takes place:
There is very little doubt surrounding the fundamental role that energy efficiency plays in the success of commercial real estate making a return once the world reaches somewhere close to normal. Whether you refer to it as sustainability, energy efficiency or building optimisation, the need for us all to ‘run buildings better’ is increasing exponentially.There will be an understandable emphasis placed on healthy workplaces in the coming months but that can’t be at the expense of a building's buildings carbon footprint. Equally, businesses must do what they can to minimise excessive operational costs after months with little, or no revenue. With running costs associated with electricity, gas and water constituting up to 50% of a commercial building operating costs, efficiency measures are a viable cost-saving measure, but this can’t be at the expense of occupant well being. You see where I’m going with this…The three underlying driving factors of building optimisation are:
As more partners and clients approach us about more pro-active means to monitor the efficiency of buildings, let's look at how data from building management systems (BMS) can serve as the foundation for analysing buildings in deeper and more insightful ways.
Let me just put this on record: Proptech is an exciting space. I’m saying this as someone who’s spent the past 10+ years in it, hence longer than the term proptech itself has been in existence. Previously largely used to refer to online agencies, proptech today apparently encompasses some 7,000 startups (according to CBRE’s Thomas Herr) and goes well beyond making real estate transactions more efficient.
Are you happy with how 2018 turned out?At a global stage, the world certainly experienced its fair share of challenging events, from the mundane to the outrageous (let’s not get into the gory details here, you all know what and who we mean...). Back at Fabriq, however, it’s been our best year yet, and we’re looking forward to continuing on this trajectory into 2019 and beyond!