Over the last few years, smart building sensors have become foundational to both occupant comfort and regulatory compliance. The worldwide smart building market is currently forecasted to exceed $50 billion by 2028 (with a CAGR of over 26%). That’s momentum. But why the surge?
Did you know that Americans spend up to 90% of their time indoors? This preponderance of time in the home and (for many) indoors at work gives your indoor air quality monitoring system the chance to make a huge impact.
Most commercial building operators already know what they’re spending on energy. However, few know exactly when and where that energy is being wasted.
Inflation has thankfully eased back some from its record peak of 19.2% (according to the Office of National Statistics) in March 2022. However, rising business costs continue to challenge facility managers in the post-COVID world. Per data from Statista, the core inflation rate at the kickoff of 2024 stood at 3.2% — proof of persistent underlying economic pressures. Uncertainty around tariffs and a plunging stock market have threatened a resurgence in cost increases.
It can be difficult to achieve HVAC energy efficiency in a single building, let alone across an entire campus. Yet that is what facility managers in the healthcare industry are tasked with doing. With facilities often spread across a city, and even sometimes involving broader regional campuses, it can be difficult for a healthcare campus to achieve HVAC energy efficiency markers.
Topics: HVAC
Every manager of multi-tenant commercial buildings, regardless of industry, faces the same struggle: how to achieve HVAC efficiency when every tenant uses the system differently.
Topics: HVAC
As tax season rolls around, will you be able to claim an energy-efficient commercial buildings deduction? Under Internal Revenue Code (IRC) 179D, building owners may be eligible to claim tax deductions if their building meets certain energy efficiency markers. These deductions can generate significant tax savings, especially when combined with other energy-focused tax reduction opportunities, like those in the Inflation Reduction Act (IRA) or with Energy Community Tax Credits.
Communities around the world rely on healthcare companies to provide essential services. Like other industries, hospitals, urgent care centers, and specialized units under one corporate umbrella are being housed in multiple locations. Although bringing wide-reaching types of treatments together may prove cost-effective and beneficial to ailing people, facilities managers take on a sometimes unwieldy task. That’s why an increased number of operations managers are onboarding building automation software (BAS) that can be driven by cloud-based apps.
The development of an energy-efficient HVAC system for your building can be complicated. Every tenant or internal department has different heating and cooling needs based on how and when they are using their space. Forcing the same HVAC (and other system) settings on every tenant in the same way is not only inconvenient — it’s inefficient.
