“If we’re really going to solve the carbon problem, and if we’re really going to make our buildings more efficient, then our tenants have to be engaged in that process,” Gilbert said.ĭata collection and sharing can educate tenants about their carbon footprint, although the process of collecting, analyzing and sharing such information requires advanced software. Owners control about 40 percent of a building’s energy, Gilbert said, whereas tenants are responsible for 60 percent. Keeping tenants in the loop can also aid sustainability. Transparency can foster trust between tenants and landlords, and even expedite the return to office if office landlords educate their tenants about their filtration systems, tenants can make informed decisions about when and how to return to work. These panelists addressed transparency as another burgeoning tenant need, as the pandemic has sparked concern over air quality and building safety. (Top, bottom left to right) Gideon D’Arcangelo, John Gilbert III, Steve Levine, Everard Martin and Nicholas Wright. and Nicholas Wright, director of design and construction technology at architect firm Beyer Blinder Belle. Amenities like contactless rental and digital leasing have limited in-person contact and prioritized customer needs - a crucial adjustment for all asset classes.īroadening the conversation beyond self-storage, Rawle Sawh, director of virtual design and construction at Gilbane Building Company, introduced the day’s first panel: “The Technologies Driving Creative Real Estate Design & Construction Projects.” The panel featured moderator Gideon D’Arcangelo, an associate principal at design company Arup John Gilbert III, COO and executive vice president at Rudin Management Company Everard Martin, president at Broadway Construction Group Steve Levine, president and CEO at Clean Air Group Inc. Technology has helped self-storage maintain such demand by directly meeting the needs of tenants. “Now we’re at $39.5 billion in annual revenue, which is up from $22 billion just six or seven years ago,” Morrow said, noting that occupancies also increased during the pandemic. The pandemic helped propel self-storage forward, Morrow said, as quarantine confined people to their homes, creating a need for additional space. SEE ALSO: Beverly Hills Retail Rolls Out of the Pandemic Behind Luxury Brands Terry Bagley and Travis Morrow.īoth Bagley and Morrow spoke to the acceleration of the self storage-industry, which, while particularly active since the 1970s, has become a front-runner in commercial real estate.
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