“Video surveillance” may evoke concerns about privacy invasion, but it can also enhance security and efficiency in commercial real estate. Eagle Eye Networks recently released a report on the “2024 Trends in Video Surveillance,” which predicts widespread adoption of intelligent security solutions due to advancements in cloud technology and artificial intelligence. This has significant implications for the commercial real estate industry.
In office spaces, there is an increased need for workplace protection as more employees return to work. According to Resume Builder’s forecast, 90% of companies will have returned by the end of 2024. As such, business owners and property managers are reviewing their office security systems with integrated video surveillance and access control being top requested improvements.
Moreover, AI-powered video surveillance is being utilized beyond secure entry portals in enterprise buildings. It can prioritize motion activity and detect anomalies while reducing false alarms for professional monitoring services. These systems also provide advanced operational reporting using analytics to meet audit requirements.
For housing properties like homeowners associations or multifamily units, LPR (license-plate recognition) technology driven by AI is becoming popular for its convenience and enhanced security measures. Some benefits include parking management/enforcement as well as new revenue streams through identifying gate crashers or removing radio tags/remote control devices from renters/homeowners’ parking access needs at a lower cost compared to traditional methods.
Overall these trends indicate that CRE businesses are increasingly turning towards cloud-based technologies powered by AI-driven solutions not only improve safety protocols but also streamline operations effectively.”
