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Certifications for smart features could help buildings stand out from the crowd

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Nisha Ramchandani

Nisha Ramchandani

Published Fri, Jun 17, 2022 · 06:57 PM
    • Smart buildings could have a competitive advantage, which could lead to retaining tenants longer and reducing letting voids for landlords, according to CBRE’s co-head of office services and occupier, David McKellar.
    • Smart buildings could have a competitive advantage, which could lead to retaining tenants longer and reducing letting voids for landlords, according to CBRE’s co-head of office services and occupier, David McKellar. RENDY ARYANTO

    WHILE nascent in Singapore, digital and smart certifications of buildings could present a competitive advantage for commercial landlords by improving marketability, analysts said.

    As awareness grows, tenants such as multi-national corporations (MNCs) as well as firms in the finance and tech sectors, in particular, could look to such certifications for validation as they secure office space.

    Mark Lampard, Cushman & Wakefield’s head of regional tenant representation, noted that the digital certification of buildings is still in its early stages here but may gain traction with certain tenants, given the tech-fueled economy as well as increasing opportunities in the Internet-of-Things (IOT) space.

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