Tag Archives: building performance

Performance and profit gains with energy benchmarking

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Measuring the efficiency and cost of buildings’ energy use is essential in today’s real estate market. Buildings account for 40 percent of all energy used in the U.S., with an energy price tag of $450 billion annually. By measuring a building’s energy use through the EPA’s internationally recognized ENERGY STAR® program, commercial real estate professionals can save money and reduce energy consumption. Best of all, it’s free and easily accessed online.

ENERGY STAR® Portfolio Manager gives building owners and managers a baseline understanding of their buildings’ energy use and a benchmark against which to measure performance, according to Zachary Hart of the Institute for Market Transformation. Simply benchmarking energy usage led to reduced energy usage and savings: a 2012 EPA study of 35,000 benchmarked buildings found that they saved an annual average of 2.4 percent in energy costs. Buildings that benchmarked for three years straight saved an average of 7 percent.

In a competitive real estate market, this tool creates a baseline against which buildings can measure their energy usage, both for cost-saving and profit. Tenants are more likely to rent and stay in green buildings. A 2008 study by the CoStar Group found that ENERGY STAR®-labeled buildings rented at $2.40 per square foot more than non-labeled buildings, and that the labeled buildings had a 3.6 percent higher occupancy rate. Energy-efficient buildings are a safer investment for lenders and raise a building’s overall market value.… Read More

Using Data to Maximize Building Efficiency

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Interested in learning more about using data and analytics as part of your smart building strategy? Join us for an upcoming  webcast on Friday, November 6 at 12:30pm EST. To register for this free webcast, please click here. 

smart_building1Do you know how your buildings are performing right now? Most owners and operators don’t. In fact, most don’t know how they have performed in the past,… Read More

Building Condition Assessments Move Beyond Due Diligence

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Posted by:
Joseph Andronaco
ProSite Building Assesments

In the early 1990s, the building condition assessment came into favor as part of the due diligence process.  Essentially, professional engineers and architects performed in-depth building inspections to support property transfers.

Over the past few years, the building condition assessment has grown into a powerful  tool for commercial building owners to make their existing assets… Read More