Industry adopts technology to optimize performance
and ensure healthy indoor spaces
Hatch Data CCO: “We believe firms will continue to press forward with digital approaches to operations to deliver cost savings, ensure healthy, productive spaces, and support ESG initiatives.”
BOSTON and SAN FRANCISCO, February 10, 2021 — Hatch Data, a leading smart building platform for the commercial real estate (CRE) industry, today reported a 40 percent year over year increase in square footage under management – expanding to over 550 million square feet of space at over 2,750 properties across North America – as commercial real estate leaders accelerate investment in technology to proactively and remotely manage building performance.
As a result of the expanded footprint, Hatch Data also added more than a billion hours of operating data in 2020, now totaling more than 15 billion and further strengthening the platform’s ability to deliver results in a fraction of the time of traditional approaches.
“The pandemic spurred the commercial real estate industry into a new chapter of innovation in 2020,” said Ben Mendelson, Chief Commercial Officer of Hatch Data. “Building owners and operators saw clear benefit in adopting technology to help manage properties remotely. In 2021, we believe firms will continue to press forward with digital approaches to operations to deliver cost savings, ensure healthy, productive spaces, and support ESG initiatives.”
The Hatch Data platform continues to be a critical tool for CRE firms as they seek to adapt and adjust building operations, often on a daily basis, to account for tenant return and updated public health guidance. In anticipation, leading firms are proactively adjusting their operating standards and adopting health and wellness focused programs to welcome occupants back safely. Industry association ASHRAE has provided operating guidance for buildings including:
- Increased ventilation including pre and post occupancy flushing of the space
- Improved filtration using MERV-13 filters or higher
- Expanded intake of fresh outdoor air, adjusted for heating and cooling needs
As each building must apply these recommendations to suit the unique needs of the building’s design and usage, monitoring for compliance and efficacy can be a complex and time-consuming task. “During the pandemic, the Hatch Data platform’s remote monitoring capabilities were instrumental in reducing unnecessary energy use while safeguarding the tenant experience,” points out Edmeé Knight, Senior Manager of Sustainable Real Estate at Unico.
Building owners and operators can now leverage more than 15 billion hours of real-world operating data to automatically pinpoint opportunities across their portfolio. With the Hatch platform, asset managers gain unparalleled visibility into real-time performance without waiting for next month’s utility bills – a rear-view picture – and empower their operating teams to continuously and proactively improve results.
”After nearly a decade of partnership with members of the Hatch Data team, we are still finding ways to proactively manage demand and consumption to improve energy and carbon performance,” explained Ben Myers, Vice President of Sustainability at Boston Properties (BXP). “Our technical advisory group has been impressed by the rapid growth and evolution of the Hatch Data platform, which promises greater transparency, energy conservation measure insights and operating cost control.”
About Hatch Data
Hatch Data is the leading smart building platform for commercial real estate. The company serves over 2,750 properties representing over 550 million square feet of space. Hatch Data software has been validated against more than 15 billion hours of operating data collected by the company over 11 years—the most comprehensive operational data set in the industry. Hatch Data empowers building owners and operators to proactively manage utilities and maintenance, reduce OpEx, and lift ESG scores, all while improving the occupant experience.
For more information, visit www.hatchdata.com.
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