Energy Optimization Program Bases Savings, Benefits on Research

Shutterstock’s Empire State Building offices have energy-efficient spaces (photo courtesy of Empire State Realty Trust).

DALLAS—Commercial real estate tenant spaces generally account for more than half of a building’s total energy consumption, which provides the basis for the program’s projected cost savings for tenants and improved environmental performance of buildings. A research-based energy optimization program promising dramatic cost savings and benefits to commercial tenants and property owners debuted at ULI’s Fall Meeting, GlobeSt.com learns in this exclusive.

“Energy-conservation efforts have long been a crux of smart ownership, operation and investment, and this tenant energy optimization program is a great next step in providing real impact and benefit for tenants, and for owners and developers,” said ULI convention attendee Greg Martin, partner and national real estate practice leader, Moss Adams.