Owners retrofitting properties, monitoring performance during epidemic

Some commercial property owners are emphasizing performance monitoring and are retrofitting properties to boost performance during the Covid-19 outbreak, according to a GlobeSt article.

An executive with technology firm Microshare told the publication that it is working with real estate owners to retrofit their properties’ facilities management, using predictive analytics to monitor performance. Energy and waste management and water use are being evaluated.

Building managers are looking for ways to improve cost efficiency, safety, and security. With the pandemic forcing many of the country’s workers to do their jobs from home, employers may reevaluate their real estate commitments.

Landlords will now seriously consider how to add value to their properties to get tenants back into their office space.