The coronavirus crisis has been more than just a short-term shock to the system. It has prompted a profound long-term rethink of what office buildings are really for, and how they should perform in the future. With more flexible work patterns, flexible teams and flexible organisations, should we not also demand more flexible buildings? But what do we mean by a flexible building? How can we define its key attributes? What are the key benefits of developing a flexible building and how can real estate professionals go about delivering one? These are the questions that this report sets out to answer.

Steam systems are a crucial part of many buildings, providing heat, hot water, and even power in some cases. However, these systems can be quite complex and can require a significant amount of energy to operate. This is where building management systems (BMS) come into play.

There are more than one million buildings in New York City, 299 of them being skyscrapers. We estimate that 70-80% of these commercial & residential buildings are due for a building management system upgrade, or will be soon.