Technological Advancement: Where is it Taking Real Estate Today?Just what is all the buzz about technological advancement and its impact on the real estate industry? E-Buildings? I-Buildings? The most Widely used term in many technology hubs is "Smart Building." Building owners and developers must anticipate how advancements in technology will impact a building's infrastructure. Developing a flexible infrastructure that will accommodate future changes in technology is essential. An owner must plan and implement a variety of different services. What is a Smart Building? It is defined as "a state-of-the-art facility with the latest and greatest in design technology." Smart Buildings help owners, property managers, and occupants realize their goals in the areas of cost, comfort, convenience, safety, long-term flexibility, and marketability. The main goal of a Smart Building is to have the optimal technological intelligence to match the occupant's needs. Today's tenants require access to high technology, with the result that location decisions are largely driven by access to Smart Building features. Technological advances have changed the way we do business. Real estate needs are user-defined, and certainly, most needs today are technology-driven. Access to the latest technology is no longer considered simply an amenity a·men·i·ty n. pl. a·men·i·ties 1. The quality of being pleasant or attractive; agreeableness. 2. Something that contributes to physical or material comfort. 3. , but rather a basic requirement. In creating a Smart Building it is important to be aware of the features that current or potential tenants will most often demand: energy efficiency, safety systems, telecommunication systems, and workplace automation. In the end, the Smartest Building is the one with the precise infrastructure and technology not only to attract and retain tenants, but also to anticipate and meet their future technological requirements. * Examples of Smart Buildings * One Wilshire -- Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. (downtown), CA * 55 South Market Street -- San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , CA * 1801 North Lynn North Lynn is an urban residential area of King's Lynn in the county of Norfolk, England. There are three main parks in North Lynn: Peck's field (named after the previous owner of the land before the North Lynn estate was created), The Rec (RECreation Ground) and Colombia Street -- Rosslyn, VA * 1500 Eckington Place -- Washington, D.C. * 55 Broad Street -- New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY * Infomart, 1950 Stemmons Fwy. -- Dallas, TX * Bishop Ranch Business Park -- Pleasanton, CA Examples of Smart Building Features * Built-in wiring for Internet access See how to access the Internet. * LAN/WAN LAN/WAN Local Area Network/Wide Area Network connectivity * High-tech, energy-efficient HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free systems * Redundant power sources * Fiber-optic cabling * Satellite accessibility * Wiring for high-speed networks. * Video conferencing/multimedia networking This article by Robert Elia, Elena Villarreal and Kfir Mizrahi originally appeared in Technology Beat," a publication of Cushman & Wakefield Research Services. |
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