As a commercial landlord, you’re always looking to reduce operational costs while making your building attractive and desirable. Smart HVAC systems are an essential part of this process – they can cut energy consumption by up to 40%, creating substantial savings for landlords.
Sustainability is also highly valued among tenants; Homeviews’ 2021 Residents Sustainability Report demonstrated that energy-saving elements were the top priority for prospective renters. 70% of respondents showed a clear commitment to green living initiatives and are eager for additional eco-friendly options.
Investing in smart HVAC technology offers great potential for improving tenant satisfaction. Here are four ways that Smart HVAC can benefit commercial landlords.
Attract Tenants With Lower Bills
Your tenants are always looking for ways to lower their monthly expenses. You can help them by investing in a smart HVAC system that monitors and adjusts itself based on the temperature and space utilisation.
Smart HVAC systems are more efficient than traditional HVAC systems, which means they can help you lower your energy costs. When your energy costs go down, you can pass those savings on to your tenants in the form of lower bills. This will make your property more attractive to potential tenants and help you keep the tenants you already have. In addition, a smart HVAC system can help improve the indoor air quality of your property, which is another important factor for potential tenants. By investing in a smart HVAC system, you can be more competitive in the market.
Improved Sustainability Target
As more and more companies set sustainability targets, smart HVAC systems can help you meet yours. Smart HVAC systems consume less energy than traditional systems, resulting in a smaller environmental impact. This can help you attract tenants who are looking for properties that align with their own sustainability goals. It also helps you hit net zero targets faster whilst reducing costs and reliance on carbon credits to hit targets.
In addition, smart HVAC systems can be controlled remotely, which means you can make adjustments to heating and cooling settings even when you’re not on site. This allows you to Respond quickly to changes in weather conditions and save energy when the property is unoccupied. As a result, investing in a smart HVAC system is a smart way to improve your property’s sustainability. Automation of smart HVAC systems is a step towards a greener planet.
Reduced Energy Consumption
Smart HVAC systems are cutting-edge technology that can drastically improve energy efficiency in buildings. By installing sensors in rooms, the temperature can be automatically adjusted when someone enters or leaves the room. This would lead to energy savings and a more comfortable environment for employees. The result? Maximum occupant satisfaction scores at 80% or higher, as well as weekly cost savings of up to 24%.
Smart HVAC systems are an excellent way to reduce energy consumption in office buildings, and they also help protect the environment. In addition to saving energy, smart HVAC systems can also help improve air quality by automatically adjusting airflow and filtration levels. This can lead to healthier indoor air and fewer sick days for your tenants’ employees. Overall, smart HVAC systems are a win-win for office owners and tenants.
Retain Tenants With Optimal Thermal Control
Another benefit of a smart HVAC system is that it can result in better thermal control for commercial property tenants. Temperatures can be kept consistent even as occupancy or weather changes. Additionally, fan speeds can be consistently lower reducing any thermal comfort issues arising from the ‘wind chill effect.
A research team in China conducted an experiment to prove the efficiency of Smart HVAC systems and their ability to maximise thermal comfort.
By tracking core temperatures and heart rates using wristbands, they discovered that interior offices experienced a drop of 90% or more in heating loads and 30% in cooling loads when occupancy control was employed.
Thermal comfort is an important factor in tenant satisfaction, and traditional HVAC systems can often struggle to maintain a comfortable temperature in a large space. Smart HVAC systems are more precise and allow for better control of the indoor environment. This can lead to improved comfort levels for tenants, which can in turn result in higher satisfaction rates and renewed leases.
As you can see, there are many benefits to upgrading your property’s HVAC system to a smart system – both for your tenants and for the environment. Smart HVAC systems offer a variety of benefits for commercial landlords, including lower bills for tenants, improved sustainability targets, reduced energy consumption and optimal air quality. If you’re looking for ways to lower your operational costs and make your property more attractive to potential tenants, consider investing in a smart HVAC system.
At Incube Space we have developed a pre-emptive smart HVAC platform that enables commercial real estate landlords to offer the most efficient and healthy buildings to the market. Contact us today to learn more about how we can help you upgrade your HVAC system and achieve your business goals.