Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration
The real estate sector is increasingly recognizing facility management (FM) as a key driver of asset value. Among emerging technologies, Building Information Modeling (BIM) and Building Management Systems (BMSs) stand out for their potential to enhance FM efficiency by integrating design data with b...
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MDPI AG
2025-06-01
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| author | Edison Atencio Costanza Mariani Riccardo Accettulli Mauro Mancini |
| author_facet | Edison Atencio Costanza Mariani Riccardo Accettulli Mauro Mancini |
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| description | The real estate sector is increasingly recognizing facility management (FM) as a key driver of asset value. Among emerging technologies, Building Information Modeling (BIM) and Building Management Systems (BMSs) stand out for their potential to enhance FM efficiency by integrating design data with building operations across the entire lifecycle, from construction to maintenance, performance monitoring, and renovation. While their technical applications have been widely studied, the financial impact of these tools on FM remains underexplored. This paper addresses that gap by estimating the economic value generated by implementing BIM and BMS in real estate facility management. Based on thirteen semi-structured interviews with professionals from the Italian real estate sector, we identified and quantified cost-saving factors and challenges related to digital adoption. These cost efficiencies, when recurring and quantifiable, can improve net operating income (NOI), thereby supporting higher asset valuations under income-based real estate appraisal methods. The results show that integrating BIM and BMS in facility management may generate average annual cost savings of 5.81% relative to asset value, with coordination improvements alone accounting for up to 3.28% per year. Based on a 30-year simulation, these savings correspond to a positive Net Present Value (NPV), supporting the financial viability of digital FM adoption in real estate. This study offers empirical evidence to support investment decisions in digital FM technologies and contributes to bridging the gap between innovation and financial evaluation in the real estate sector. |
| format | Article |
| id | doaj-art-3fde9d2cc2224ae6b615dba1a4786b73 |
| institution | OA Journals |
| issn | 2075-5309 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | MDPI AG |
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| series | Buildings |
| spelling | doaj-art-3fde9d2cc2224ae6b615dba1a4786b732025-08-20T02:23:06ZengMDPI AGBuildings2075-53092025-06-011511192010.3390/buildings15111920Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS IntegrationEdison Atencio0Costanza Mariani1Riccardo Accettulli2Mauro Mancini3School of Civil Engineering, Pontificia Universidad Católica de Valparaíso, Av. Brasil 2147, Valparaíso 2340000, ChileDepartment of Management, Economics and Industrial Engineering, Politecnico di Milano, Via Lambruschini 4b, Bovisa, 20156 Milan, ItalyDepartment of Management, Economics and Industrial Engineering, Politecnico di Milano, Via Lambruschini 4b, Bovisa, 20156 Milan, ItalyDepartment of Management, Economics and Industrial Engineering, Politecnico di Milano, Via Lambruschini 4b, Bovisa, 20156 Milan, ItalyThe real estate sector is increasingly recognizing facility management (FM) as a key driver of asset value. Among emerging technologies, Building Information Modeling (BIM) and Building Management Systems (BMSs) stand out for their potential to enhance FM efficiency by integrating design data with building operations across the entire lifecycle, from construction to maintenance, performance monitoring, and renovation. While their technical applications have been widely studied, the financial impact of these tools on FM remains underexplored. This paper addresses that gap by estimating the economic value generated by implementing BIM and BMS in real estate facility management. Based on thirteen semi-structured interviews with professionals from the Italian real estate sector, we identified and quantified cost-saving factors and challenges related to digital adoption. These cost efficiencies, when recurring and quantifiable, can improve net operating income (NOI), thereby supporting higher asset valuations under income-based real estate appraisal methods. The results show that integrating BIM and BMS in facility management may generate average annual cost savings of 5.81% relative to asset value, with coordination improvements alone accounting for up to 3.28% per year. Based on a 30-year simulation, these savings correspond to a positive Net Present Value (NPV), supporting the financial viability of digital FM adoption in real estate. This study offers empirical evidence to support investment decisions in digital FM technologies and contributes to bridging the gap between innovation and financial evaluation in the real estate sector.https://www.mdpi.com/2075-5309/15/11/1920BIMbuilding information modelingfacility managementnet present value |
| spellingShingle | Edison Atencio Costanza Mariani Riccardo Accettulli Mauro Mancini Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration Buildings BIM building information modeling facility management net present value |
| title | Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration |
| title_full | Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration |
| title_fullStr | Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration |
| title_full_unstemmed | Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration |
| title_short | Monetizing Digital Innovation in the AEC Industry: Real Estate Value Creation Through BIM and BMS Integration |
| title_sort | monetizing digital innovation in the aec industry real estate value creation through bim and bms integration |
| topic | BIM building information modeling facility management net present value |
| url | https://www.mdpi.com/2075-5309/15/11/1920 |
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