Life is returning to a semi-normal state with students attending class in-person, offices filling back up, and real estate demand proving to not only be resilient but booming. And while the pandemic has made predictions difficult, we do recognize some growing trends, many of which will become more prominent throughout this year and beyond.
In 2022 we expect to see expanded use of facility technology in collaboration with the continuing high demand for real estate. Whether you need to spot opportunities to accommodate the evolving needs of tenants or want to anticipate what shifts might lie ahead for your buildings, one thing is clear: physical environments will need to provide the in-building experience that stakeholders want, including a focus on available data, sustainability initiatives, and most importantly, indoor air quality and building health.
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Healthier and smarter buildings driven by tenants.
Coupled with the need for these healthier buildings is the need to make buildings more efficient with an eye on lowering costs. In addition to building owners seeking smarter, more efficient buildings, tenants and other stakeholders are becoming more interested in working, studying, or spending time in spaces that make the best use of resources.
Healthy building standards will attract tenants and increase portfolio values
While healthy building standards are driven by tenants, they also attract new clients at higher premiums. In fact, the Real Estate Innovation Lab at the Massachusetts Institute of Technology found that landlords of healthy buildings can collect between 4.4 and 7.7 percent more per square foot in rent than nearby, non-certified and non-registered peers. According to the study, this premium for healthy spaces is independent of other factors like LEED certification, building age, renovation, lease duration, and submarket. The results indicate that healthy buildings are considered an asset that correlates with well-being and productivity, and tenants are willing to pay a premium for such spaces.
Data will be king
Sustainability remains a concern for building owners
The workplace as an experience will drive building management
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