In the world of connected lighting, real estate investments will no longer be based on solely on committed rental periods and expected future vacancy rates. With the ability to collect and analyze data on activities and usage patterns in illuminated spaces, real estate investments can also be measured against the business performance of the renters. This will create new dynamics and opportunities in the real estate market.
Several studies, and some recent connected lighting installations, demonstrate that real-time activity data and in-context communications with building occupants reduces the required amount of space per employee by 20% or more. This makes connected buildings more attractive, increases occupancy rates, and reduces the overall facility costs for renters.