Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As commercial property owners in California struggle to attract and retain tenants throughout all sectors, they are also faced with another daunting task: going green in a difficult economy. They want to make their existing buildings more marketable and realize savings from energy and other retrofits; however, it can be challenging to justify the initial capital investment.

Owners are also feeling pressure mount externally. All indicators point to increases in both utility costs and regulations in California over the next few years. Regulation in some municipalities, such as San Francisco, already require non-residential building owners over 50,000 square feet to provide energy benchmarking annually. During the next two years, the California Energy Commission will be establishing a schedule for compliance with AB 1103, which mandates energy benchmarking throughout the state for non-residential buildings. Understanding how a building uses energy compared to similar properties creates opportunities beyond compliance. It also reveals ways to strategically decrease a building's energy consumption, often with free consultation from the utility companies including PG&E, Southern California Edison and others.

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?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.