SAN FRANCISCO— Energy consumption by commercial properties in San Francisco has declined significantly since 2011 after the implementation of San Francisco’s Existing Commercial Buildings Energy Performance Ordinance, according to a new report released this week at the ULI Fall Meeting from the Urban Land Institute Greenprint Center for Building Performance. The report is the result of a collaboration between Greenprint and the San Francisco Department of the Environment.

The report shows a 7.9% reduction in energy use across a cohort of 176 properties consistently tracked since 2010 for $170 million in identified savings. A review of a broader group of 817 buildings found that the implementation of energy reduction measures could save tens of millions of dollars in costs during the lifetime of the projects, adding significantly to the properties’ value. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.