Mann Report, August 2022

Page 98

ARTICLES

Building Infrastructure and IAQ are Crucial Foundations of Digital Transformations By Tony Abate, CTO, AtmosAir

As property and portfolio owners look to the next age of modern commercial real estate, namely digital transformations, the need for robust building infrastructure systems and indoor air quality (IAQ) will be vital in bringing tenants, occupiers and customers back to all asset types. This push for digital transformations also comes as owners are working to develop comprehensive environmental, social and governance (ESG) strategies that provide confidence for tenants and offer transparency on emissions, energy consumption and important metrics. Digital Transformations: A Necessity for the Built World Though owners are aware that it has become necessary to adopt digital technologies and prop tech innovations to remain competitive, 87% of projects ultimately fail to meet objectives. This highlights the need for a tangible and robust transformation plan that can effectively be put into practice, followed through and consistently maintained and updated as needed. Part of any comprehensive transformation plan will include IAQ, which continues to be a crucial factor in bringing workers back to the office and instilling confidence in the public. Moreover, studies show IAQ is the most important factor for workers when returning to office. With this necessity of IAQ and digital transformations comes two primary methods of alleviating concerns from workers, tenants and customers. The first strategy is through diluting pollutants with ventilation from outdoor air. While this can be effective, it is a limited solution due to the potentiality of low-quality

96 MANN REPORT | AUGUST 2022

outdoor air or adverse weather conditions.

of their building spaces.

A Wider Option of Technologies Though the construction industry has begun to adopt new technologies as digital transformations become crucial to overall owner strategy, the use of IAQ systems has lagged other tech sectors that have experienced significant growth in the built world in recent years. This adoption of other technologies has been driven by the need for increased ESG and energy efficiency-focused strategies. These strategies in effect are built to create transparency for stakeholders and promote sustainability in the built world, which can be seen in LEED and healthy-building certifications. However, as owners look to create a plan that incentivizes buy-in from stakeholders and tenants, IAQ will be important in convincing the public that a property is now safe and ready for use, especially in light of the pandemic and increased concerns about air quality and health.

However, in order to provide confidence for workers to return to offices, and for customers and tenants to return to similar spaces, owners should ensure that along with an updated HVAC system strategy, a robust IAQ strategy is also vital.

Another vital strategy for owners and operators is to optimize the usage of building systems such as HVAC in spaces to reduce costs and energy consumption. Systems such as air conditioning, heating, water and waste management can put a large strain on the energy used by a building, and lead to massive amounts of emissions. This in part has led to the built world contributing approximately 40% of the world’s carbon emissions. However, if optimized correctly, and certain aspects of the systems are prioritized, such as indoor air quality, costs can be saved and owners can be more strategic with the cooling and heating

Current & Upcoming Regulations With the digital transformation trend sweeping the industry, owners, operators and tenants should remain aware of in-place regulations as well as potential regulations in the future. Cities like New York City have implemented regulations and restrictions for buildings over a certain square footage and have developed and implemented rules around emissions, sustainability and energy consumption for buildings. Companies that can meet these in-place and new regulations will be able to attract occupants, drive cost savings in a number of different building aspects and address health, safety, sustainability, ESG and transparency with stakeholders all at once, while creating an improved tenant experience, reduce overall spending for owners and optimize building systems for years to come. Tony Abate AtmosAir 418 Meadow Street, Suite 204 Fairfield, CT 06824 tabate@atmosair.com (203)335-3700


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Articles inside

Commercial Corner: Gregory Kraut, co-founder and CEO of KPG Funds

2min
pages 128-129

Executive Changes

10min
pages 118-125

Crossword

1min
pages 126-127

20 CambridgeSide Reaches Construction Milestone

1min
pages 106-107

AI-Powered Alternative Data Drives Extreme Real Estate Market Research Disruption

8min
pages 80-85

Whittier Central Library Completes Remodel

1min
pages 108-113

Columbia Property Trust Revitalizes 95 Columbus in Jersey City

3min
pages 104-105

Six Tips for Growing a Successful Proptech Company

5min
pages 78-79

The Evolution, Impact and Potential of Virtual Tours of Retail Space

5min
pages 62-67

Tax Issues in the Sale of Appreciated Land

5min
pages 68-69

Top of the World: Central Park Tower Unveils Highest Private Club Ever

6min
pages 72-77

Market Trends & Best Practices: Liability Insurance for NYC Condominiums and Cooperatives in 2022

4min
pages 70-71

MidYear Recap/Report/Trends

10min
pages 56-59

Mixed-use Development Expert Zeigler Forms MURAL Real Estate Partners

5min
pages 60-61

10 Things to Look Out for in Commercial Real Estate in the Next 24 Months

7min
pages 54-55

Breaking News

5min
pages 48-53

REBNY Brings New Flavor to Annual Event

3min
pages 22-23

James Lenox House Association Hosts Spring Blossoms Gala

3min
pages 26-27

Residential News

4min
pages 36-39

Commercial News

4min
pages 32-35

Tech Talk

4min
pages 44-47

Big Brothers Big Sisters of New York City Honors Finance Industry Leaders at 24th Annual Accountants & Bankers Reception

2min
pages 24-25

Management News

4min
pages 40-43

Corenet NYC Hosts 2022 Annual Dinner

1min
pages 28-31
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