Smart Nation: The technology transforming CRE. A WiredScore report

Posted:

3 / 29 / 2022

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The way we work has radically transformed, catalyzing a shift in the way the office is used. Now, offices must go beyond the mere provision of desks and meeting rooms: the office must inspire and engage employees, it must make them feel safe and productive, it must be measurably sustainable, brimming with cost efficiencies and, above all, it must be future proof. In essence, the office must be smart.

Singapore’s real estate has embarked upon a period of post-pandemic recovery and, against a backdrop of renewed vigor, landlords are reassessing their assets to capitalize on this fresh opportunity to implement meaningful changes, and deliver a workplace experience that goes above and beyond what can be achieved in a home environment.

To determine what to prioritize in this new era of real estate, WiredScore spoke to key decision makers across Singapore and Hong Kong. Smart Nation: The Technology Transforming CRE reviews how landlords can optimize spaces for a user-centric, sustainable, inspirational, cost efficient and smart future.

Some key findings from Smart Nation: The Technology Transforming CRE

9/10

Singaporean occupiers would pay a rental premium to work in a smart building.

85%

of decision makers will not sign a lease for an office building that is not smart-enabled.

Understanding the Singaporean market

In Singapore, smart technology is embedded into everyday life. Occupiers are so accustomed to smart tech that 85% of decision makers will not sign a lease for an office building that is not smart-enabled. Digging deeper into what makes the CRE landscape tick, WiredScore found that over nine in ten respondents would pay a rental premium to work in a smart building.

95%

regard a high-quality internet connection to be the most important smart building feature.

98%

of respondents think that landlords and developers must leverage technology to make buildings more environmentally sustainable.

87%

of respondents indicate that accessible energy and sustainability data is important.

Read the full report

For more insights into Singaporean CRE read Smart Nation: The Technology Transforming CRE.

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