Apart from the general ventilation and lighting controls, IoT enables property managers to understand the health of their facility. Timely inputs can save buildings from extensive damage. For example, using sensors, you can detect damaged pipelines and waterways early on. Fixing this problem can save your building from getting waterlogged.  

Sensors can be similarly used to gauge the integrity of various metrics such as temperature control, lighting, and so on. It provides an accurate picture of the health of all your facilities. By detecting problems in the early stages, you can save your property from permanent damage.  

IoT provides a multitude of options through which you can understand tenant behavior. This is especially helpful to know what facilities are used most by tenants. Through motion sensing, temperature, and CO2 detection, sensors can identify the areas with the most activity. For example, a higher level of CO2 and temperature in the gym area means that tenants enjoy using that facility. By understanding this, you can improve popular facilities while eliminating those that do not add any value to the building. 

Newer data-driven avenues provide a multitude of opportunities for revenue generation. IoT generates massive amounts of data which is valuable both to property managers and their clients. For instance, data generated about space utilization helps clients design better floor plans. Focusing on such usage, you can leverage the data and insights to improve property designing and management.  

IoT provides real-time data and insights. This enables companies to make instantaneous decisions. They can also use the data to forecast possible trends and make decisions based on them. The effects of any changes are seen immediately and plans can be altered without wasting too much time.  

The many benefits of IoT make it a popular technology in almost all real estate sectors. The real estate industry can benefit from IoT through many applications, such as: 

Lighting improves the tenant experience and productivity in both commercial and residential buildings. A CBRE research showed that employee performance increased by 12% when the right lighting was used. But the natural light levels determine the usage of artificial lighting in any building. Also, areas lacking natural light need more artificial lighting. There are many ways to use IoT for better lighting control. By sensing the brightness in the surrounding, IoT devices can adjust the number of artificial lights in usage in a room.  

Most employees spend considerable time in their office buildings. In busy areas, the air is polluted due to increasing vehicle activity. Ensuring good indoor air quality is important for better employee health. Research by EPA shows that indoor air might be two to five times, and occasionally even 100 times more polluted than outdoor air. You can use IoT sensors to continuously evaluate indoor air quality as well as to detect pollution. They can also adjust the ventilation and air conditioning systems according to the occupancy in the room.  

By understanding the levels of activity at entrances and exits, commercial buildings can manage bottlenecks. This can reduce high traffic and enable smoother functioning. For example, certain entrances in shopping malls are often crowded. Using IoT sensors, such areas can be identified to create better floor plans. Due to reduced waiting time, customer satisfaction will also improve.