Real Estate Pros Say Smart Cleaning Technology Warrants Premium Rents
December 6, 2022
According to a recent survey from GP PRO, more than 90% of real estate professionals believe a smart technology that helps ensure consistently clean and well-stocked restrooms warrants a premium, above-base rent.
In conducting the study earlier this year, GP PRO queried commercial real estate brokers and property management professionals across the United States. According to the survey’s results, two-thirds of property managers and 57% of commercial real estate brokers felt they could charge a premium price at or above 3% for facilities equipped with smart technology. GP PRO also stated that 99% of real estate professionals believed the company’s KOLO™ Smart Monitoring System in particular calls for a premium, above-base rent.
“These findings make a very strong case for accepting smart restroom technology as an investment with the potential for a highly valuable return,” said John Strom, vice president and general manager of GP PRO’s connected solutions division.
