Commercial Real Estate News Brief: September 2017

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights the internet of things, crowdfunding in CRE investment and hurricane preparedness in CRE.

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Internet of Things (IoT) Transforms Building Management

JLL CRE News Brief

Newspaper image via NS Newsflash.

How can building owners differentiate in a saturated marketplace? The answer is simple: By employing more intelligent building solutions.

According to Forbes, “A holistic, data-driven approach to real estate management is critical as we look into the future of workspaces.”

Building managers can leverage data collection for lighting, HVAC, security, etc. to advance energy and operational efficiency and ultimately improve the tenant experience. If executed properly, new technology combined with IoT creates a competitive advantage for more strategic and cost-effective facility management.

 

Crowdfunding Lowers Barrier to Entry for CRE Investing

In the words of CCIM, “Crowdfunding is proving to be the new best friend of real estate.”

Why? In the past, the average consumer couldn’t afford to consider commercial real estate investing. But, thanks to crowdfunding, consumers can invest at higher return and lower fees. In fact, consumers can add real estate to their portfolios for $1,000—a price tag you would likely never see prior to crowdfunding.

So what does it mean for the industry? Marketplace lending will be a main driver of real estate activity for years to come, disrupting the way banks think about traditional investments.

JLL Utilizes Proprietary Tool for Hurricane Preparedness

In the wake of Hurricane Harvey and in the midst of Irma, JLL Executive Vice President Bob Best discussed disaster management planning with Commercial Property Executive (CPE) in a recent interview.

He noted, “We have learned through Harvey, as well as Hurricanes like Sandy and Katrina, that our properties must have procedures, resources, supplies and information in place before the event occurs.”

Hence the development of the Building Emergency Management Assessment (BEMA), an online tool that measures and benchmarks the emergency management of portfolios. The assessment takes about one hour to complete, and produce a score for overall emergency management. It also automates suggestions on how to improve your preparedness.

Read the full article on CPE for more on real estate and hurricane preparedness.