Market Overview: The Emergence Of Smart Building Certifications
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The building certification market is entering a new phase, marked by the rise of technology-focused accreditations to assess smart buildings. This report identifies the factors propelling the adoption of these rating systems in 2023 and forecasts the trends this market will exhibit. It reviews the range of schemes currently available, examines the challenges faced by these standards and provides advice on extracting value from the implementation of benchmarks. The report is targeted at stakeholders across the real estate value chain, as well as building technology vendors and accreditation bodies. The study draws on the latest Verdantix smart buildings research and a unique mix of insights from interviews with experts across the real estate and technology sectors.
Table of contentsNew Entrants In The Accreditation Space Target Smart Buildings
The Certification Market Continues To Evolve And Expand
The Perceived Value Of Certifications Differs Amongst Stakeholders
SBCs Must Overcome Five Roadblocks To Achieve Scheme Success
Accreditation Bodies Need To Sharpen Their Competitive Claws
Partnership Strategies And Incoming Regulations Will Shape The Future Of Certifications
Table of figures
Figure 1. Roadmap Of Building Certifications
Figure 2. BOMA BEST Smart Buildings Certification Overview
Figure 3. Smart Building Certification Overview
Figure 4. SmartScore Certification Overview
Figure 5. SPIRE Smart Buildings Certification Overview
Figure 6. Drivers For Smart Building Certifications For Different Stakeholders
Figure 7. When Certifications Don’t Hit The Mark
Organisations mentionedAllianz, Allianz Real Estate, Ambio, Art-Invest Real Estate, Arup, Avison Young, BRE Group, British Land, Building Owners and Managers Association of Canada (BOMA Canada), Cadillac Fairview, CAMAC Space, Carttera, CBRE, Citycon, Colliers International, Columbia Property Trust, Corning, Cushman & Wakefield, CyclingScore, Derwent London, Dream, Edge Technologies, Energy Star, Ericsson, Facilio, Fireman’s Fund Insurance Company, FirstCapital, Fitwel, Five Holding, Forsta Projects, Green Globes, GRESB, Hathon, HB Reavis, Hines, Hoare Lea, Honeywell, Infogrid, International WELL Building Institute, JLL, Johnson Controls, KingSett Capital, KPMG, LBA Realty, Legal & General, Manulife Investment Management, Metrikus, Microsoft, MiddleCap, Moody’s, Morgan Stanley Real Estate Investing, Morguard, MRP Realty, Nuvap, Panasonic, QuadReal, RESET, Schneider Electric, Signify, Smart Building Collective, Spacewell, SPIRE Smart Buildings, Starr Insurance Companies, Telecommunications Industry Association (TIA), The Clarient Group, The John Buck Company, Trimble, Triovest, TRUE, TrustMark, U.S. Green Building Council (USGBC), UK Federation of Master Builders, UK Government, UL Solutions, USAA Real Estate, WiredScore, YIT, Zurich Insurance Group
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