Do you think the IoT is going to affect Commercial Real Estate?

[Erin Wicomb]

For reference, the Internet of Things (or IoT) is a network of ‘things’ that are Internet-connected and exchange data back and forth.

‘Things’ can include physical devices, computers, automobiles, appliances, etc. These ‘things’ are embedded with sensors and software to connect to the Internet in order to send and receive data. Each device in the IoT network is unique and able to interoperate with the Internet’s infrastructure.

With personal home assistants such as the Google Home and the Amazon Alexa, the average consumer is becoming more receptive to smart homes and interactive appliances. 

In terms of commercial real estate, do you think the IoT can be beneficial to this industry? 

Would love to hear your thoughts!