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.

Born of the early work in transforming the Empire State Building from just another iconic skyscraper to one of the most energy-efficient buildings of its kind, the tenant energy optimization program debuted to the 6,000-attendee convention with a list of 10 successful case studies. Its research-based toolkit is viewed as a potential game changer to integrate energy efficiency into tenant space design and construction, using practices that are proven, replicable, measurable and scalable.