Unlocking the Potential of Multifamily Commercial Real Estate with Building Technology

Integrating building technology early in the development planning process is critical for meeting the increasing demands and expectations of guests and residents

FREMONT, CA: The multifamily commercial real estate market continues to thrive despite rising inflation across the nation (CRE). However, in the pursuit of meeting these escalating demands and expectations of guests and residents, one crucial aspect is often overlooked: integrating building technology into the project.

Building technology interoperability, intuitiveness, scalability, and user experience should be addressed during the building programming and design process. Technology considerations are often only considered once the building floor plans have already been defined. These considerations usually involve bandwidth, coverage, cabling runs, access control, and security systems. Managing technology effectively and meeting future demands requires meticulous preparation.

In the early stages of development planning, it is optimal to begin creating a robust foundation to support scalable technologies. Constructing new properties, multifamily complexes, or mixed-use developments now demands greater technology complexity than ever, with an average of over 30 systems requiring interoperability. Implementing these technologies can be challenging within the project schedule and budget. However, when the owner or developer engages a complete property technology partner with design capabilities during the planning phase, there is a significant opportunity to optimize the building's infrastructure and system performance.

A comprehensive property technology provider can work with the construction team to provide professional planning services for new construction from start to finish. They can design, build, and support an integrated, scalable ecosystem encompassing all property technologies. One of their advantages is their expertise in staying up-to-date with the latest technology trends, system requirements, and future demands. This ensures that maximum performance is achieved.