{"id":1004160049,"date":"2016-11-24T00:24:50","date_gmt":"2016-11-24T08:24:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004160049"},"modified":"2020-05-22T00:06:01","modified_gmt":"2020-05-22T08:06:01","slug":"cfo-corner-is-your-city-future-ready","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/","title":{"rendered":"CFO Corner: Is Your City Future-Ready?"},"content":{"rendered":"

By Steven Bandolik and Rana Sen<\/p>\n

In recent years, urban infrastructure has run a gauntlet of challenges created by dramatically changing demographics. Commercial real estate developers, elected officials, urban planners and<\/p>\n

\"The

The Edge, a groundbreaking office high-rise in Amsterdam, has been dubbed \u201cthe smartest building in the world.\u201d<\/p><\/div>\n

other stakeholders are searching for innovative ways to manage the needs of growing cities. The solutions, which often center on the built environment and technological advances, point to one important trend: the rise of smart cities.<\/p>\n

While some CRE owners maintain that the city of tomorrow is still far off, many others recognize that powerful forces ranging from Millennials\u2019 lifestyle patterns<\/a> to fast-changing technology demand a more immediate call to action.<\/p>\n

Building a Future City<\/strong><\/p>\n

Cities are considered smart based on their ability to serve three main purposes: enhancing quality of life, improving economic competitiveness and fostering sustainable living. These missions can be achieved through a foundational layer of communication technologies built into the environment and addressing key areas, including living, economy, mobility, energy\/environment\/waste\/water, security, and smart education.<\/p>\n

Let\u2019s dig deeper into a few of these areas to understand how each can be built out in the smart city of tomorrow.<\/p>\n

Smart buildings.<\/strong> The notion around smart buildings<\/a> is to increase quality of life and sustainability across office, retail and residential spaces. A premier example is The Edge, an office high-rise in Amsterdam that has been dubbed \u201cthe smartest building in the world<\/a>.\u201d (As the proactive lead tenant, Deloitte was responsible for the building\u2019s innovations.)<\/p>\n

The\"The Edge is also among the greenest buildings in the world, constructed on the concept of resource efficiency. For instance, the building\u2019s digital ceilings power lights, Internet and sensors through the same cables. The building is powered by a smartphone app that enhances the workplace by tracking how much sugar you put in your coffee and finding you a parking spot upon your arrival. Bonus: The Edge\u2019s smart design is also an economic boon for its owner and tenants, attracting new business for its resident companies. All in all, The Edge is an innovative showcase for bringing together analytics, real estate and workplace dynamics.<\/p>\n

Smart environment.<\/strong> Here, elements of real estate in public spaces that are often deficient\u2014such as lighting, benches and garbage bins \u2014can be intelligently transformed. Urban planners can employ sensor technology to turn these low-impact pieces of infrastructure into high-impact enablers. Sensors can intelligently activate outdoor lighting to save on electricity costs, monitor air quality while affixed to benches, help track climate change and inform policy, and streamline waste management by sending out alerts when trash bins reach capacity.<\/p>\n

Smart mobility.<\/strong> When we dig further into city infrastructure, we cannot forget transportation, which will become increasingly important as we approach the age of the driverless car. Accommodating this future trend will enable cities to create efficient traffic flows and even allow mobile-restricted persons of all ages to participate more fully in the local economy. Urban planners should consider whether new or upgraded roads should incorporate dedicated lanes for driverless vehicles. For their part, CRE owners should look at ways to modify the designs of parking structures in order to accommodate both driverless and conventionally operated cars.<\/p>\n

\"Rana<\/a>

Rana Sen<\/p><\/div>\n

\"Steve

Steve Bandolik<\/p><\/div>\n

Steven Bandolik<\/a> is a director with Deloitte Services LP and a senior leader in Deloitte\u2019s real estate services practice. A three-decade industry veteran, Bandolik provides advisory services in a wide range of areas, including capital markets, corporate finance, mergers and acquisitions, investments, restructuring and reorganization, workouts and asset recovery.<\/p>\n

Rana Sen<\/a> is a managing director with Deloitte Consulting LLP. He has more than 18 years of experience implementing and leading major government transformation initiatives in public health, human services, transportation, and finance and administration. Besides advising government clients, Rana leads the firm\u2019s smart city initiative for the U.S. public sector practice and supports Deloitte\u2019s work with cities nationally. He also supports Deloitte\u2019s work globally.<\/p>\n

Images by Ronald Tilleman<\/p>\n

Originally appearing in the November 2016 issue of CPE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

How High-Tech Tools Are Reshaping Urban Centers<\/p>\n","protected":false},"author":1260,"featured_media":1004160058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21787],"tags":[],"class_list":["post-1004160049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-technology"],"acf":[],"yoast_head":"\nCFO Corner: Is Your City Future-Ready? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFO Corner: Is Your City Future-Ready?\" \/>\n<meta property=\"og:description\" content=\"How High-Tech Tools Are Reshaping Urban Centers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-24T08:24:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T08:06:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"884\" \/>\n\t<meta property=\"og:image:height\" content=\"663\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steven Bandolik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/\"},\"author\":{\"name\":\"Steven Bandolik\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9b461f8a91b25776272e1f88849f6a7b\"},\"headline\":\"CFO Corner: Is Your City Future-Ready?\",\"datePublished\":\"2016-11-24T08:24:50+00:00\",\"dateModified\":\"2020-05-22T08:06:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/\"},\"wordCount\":701,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/The-Edge_Exterior2.jpg\",\"articleSection\":[\"Digital Edition\",\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/\",\"name\":\"CFO Corner: Is Your City Future-Ready? - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/The-Edge_Exterior2.jpg\",\"datePublished\":\"2016-11-24T08:24:50+00:00\",\"dateModified\":\"2020-05-22T08:06:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9b461f8a91b25776272e1f88849f6a7b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/The-Edge_Exterior2.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/The-Edge_Exterior2.jpg\",\"width\":884,\"height\":663,\"caption\":\"The Edge, a groundbreaking office high-rise in Amsterdam, has been dubbed \u201cthe smartest building in the world.\u201d\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cfo-corner-is-your-city-future-ready\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CFO Corner: Is Your City Future-Ready?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9b461f8a91b25776272e1f88849f6a7b\",\"name\":\"Steven Bandolik\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0d917a4a1dddfacf97dd4636c8f85d8d4d5f963cdf64e202005354afce6d6c81?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0d917a4a1dddfacf97dd4636c8f85d8d4d5f963cdf64e202005354afce6d6c81?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0d917a4a1dddfacf97dd4636c8f85d8d4d5f963cdf64e202005354afce6d6c81?s=96&d=mm&r=g\",\"caption\":\"Steven Bandolik\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/stevenbandolik\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CFO Corner: Is Your City Future-Ready? - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/","og_locale":"en_US","og_type":"article","og_title":"CFO Corner: Is Your City Future-Ready?","og_description":"How High-Tech Tools Are Reshaping Urban Centers","og_url":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-11-24T08:24:50+00:00","article_modified_time":"2020-05-22T08:06:01+00:00","og_image":[{"width":884,"height":663,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg","type":"image\/jpeg"}],"author":"Steven Bandolik","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/"},"author":{"name":"Steven Bandolik","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9b461f8a91b25776272e1f88849f6a7b"},"headline":"CFO Corner: Is Your City Future-Ready?","datePublished":"2016-11-24T08:24:50+00:00","dateModified":"2020-05-22T08:06:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/"},"wordCount":701,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg","articleSection":["Digital Edition","Technology"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/","url":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/","name":"CFO Corner: Is Your City Future-Ready? - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg","datePublished":"2016-11-24T08:24:50+00:00","dateModified":"2020-05-22T08:06:01+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9b461f8a91b25776272e1f88849f6a7b"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg","width":884,"height":663,"caption":"The Edge, a groundbreaking office high-rise in Amsterdam, has been dubbed \u201cthe smartest building in the world.\u201d"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cfo-corner-is-your-city-future-ready\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CFO Corner: Is Your City Future-Ready?"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9b461f8a91b25776272e1f88849f6a7b","name":"Steven Bandolik","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0d917a4a1dddfacf97dd4636c8f85d8d4d5f963cdf64e202005354afce6d6c81?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0d917a4a1dddfacf97dd4636c8f85d8d4d5f963cdf64e202005354afce6d6c81?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0d917a4a1dddfacf97dd4636c8f85d8d4d5f963cdf64e202005354afce6d6c81?s=96&d=mm&r=g","caption":"Steven Bandolik"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/stevenbandolik\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/The-Edge_Exterior2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004160049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004160049"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004160049\/revisions"}],"predecessor-version":[{"id":1004448172,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004160049\/revisions\/1004448172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004160058"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004160049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004160049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004160049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}