The world of work has been turned on its head over the past two years. Not only is hybrid working here to stay, but employees have new workplace expectations amid evolving wellbeing, environmental and social concerns. As the purpose of the office is redefined, workplace and portfolio management strategies are becoming increasingly complex and sophisticated, necessitating greater reliance on CRE technologies and data-driven insights to meet employee expectations and boost performance on all fronts.

As companies emerge from the crisis created by the pandemic, corporate real estate (CRE) executives’ view of the workplace is evolving. More than half of organizations will make remote working a permanent option for all employees by 2025, according to JLL’s latest Future of Work research. However, more than 70% of CRE executives agree that the office will continue to be a central part of their workplace ecosystems in the long term.

As employees adapt to the post-pandemic world and office usage patterns continue to evolve, the office is being reimagined for new purposes. A new vision of the agile, smart office and CRE portfolio is taking shape, supported by dynamic workplace services aligned with today’s employee needs.

The hybrid model complicates workplace and portfolio management, and makes operational decisions more complex. As the purpose of the workplace evolves, it’s clear that facilities data are critical. A myriad of technologies is available to collect real-time data and generate predictive insights to inform daily FM services.

The pressing need for insights based on real-time data is why nearly 80% of CRE executives plan to incorporate at least 10 of 15 key technologies required for the hybrid model, according to JLL research. Inherent in every corporate real estate technology roadmap is the need for interoperable and scalable solutions that can integrate data from a computerized maintenance management system (CMMS), building automation systems (BAS), sensors, and other sources now and into the future. Equally important is data governance: standardizing, validating and maintaining data.

Smart building technologies have an important role to play. Combining software with Internet of Things (IoT) devices, smart building platforms monitor various building systems, analyze the data, and generate insights about usage patterns and trends that can be used to optimize the building’s environment and operations. For instance, a smart building management platform can direct the building automation system to turn the HVAC on and off in response to real-time carbon dioxide levels or meeting room occupancy.

Leading companies are already using these technologies to shape sustainable, high-quality, compliant, safe, cost-effective and creative workplaces that anticipate and respond to employees needs and preferences. Through constant fine-tuning continuous commissioning of building systems, smart building management platforms contribute to net zero carbon goals by reducing energy waste by as much as 20% while also improving the employee experience and productivity with better air quality and temperature control.¹

In addition, a smart building management platform generates insights indicating equipment performance issues for remediation to prevent total breakdown. Proactive maintenance, in turn, reduces maintenance costs and extends equipment life for lower capital expenses, too.

Smart buildings also appeal to property investors. Energy-efficient buildings typically earn higher rental rates, higher occupancy levels and higher sales prices than less-efficient properties.²

While you can justify investing in smart building solutions for the cost savings alone, equally important is how data and automation can contribute to efficient space management and high-quality space. For example, the data generated by workplace sensors, smart lighting systems and smart furniture with built-in sensors to detect a human presence can be used to inform space planning and dynamic service provisioning in response to occupancy levels.

Alongside the short-term challenges of improving operational agility, resilience and efficiency, organizations are planning ahead for longer-term workplace changes. Now is the time to re-assess the people, processes and technologies you’ll need for the hybrid future of work.