Tenant consumptions make up 60-70% of the total utility expenses, according to Enertiv.
In the past, owners have been reluctant to press tenants to help reduce these expenses. With the rise of ESG, though, owners may have to take a harder look at reducing consumption.
In a new post on its website, Enertiv says GRESB and other ESG frameworks are becoming more granular and performance indicators, including energy, water, GHG emissions, and waste, need to be reported in both landlord and tenant-controlled spaces.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
