Skip to main content

Report Finds Commercial Property Continues to Become Energy Efficient

Nov 20, 2017
The commercial real estate industry is making progress in reducing energy consumption, carbon emissions and water usage in their properties, according to a new report from the Urban Land Institute's (ULI) Greenprint Center for Building Performance

The commercial real estate industry is making progress in reducing energy consumption, carbon emissions and water usage in their properties, according to a new report from the Urban Land Institute's (ULI) Greenprint Center for Building Performance.
 
In an analysis of nearly 8,700 properties, the ULI found a 3.4-percent reduction in energy consumption, a 3.3-percent reduction in carbon emissions, and a 4.3-percent reduction in water use between 2015 and 2016. Since the ULI began tracking this aspect of building performance in 2009, the energy consumed by members' properties has dropped 13.9 percent, carbon emissions have decreased 17.9 percent, and water usage has dropped by 12.1 percent. The new report marks the seventh consecutive year that properties tracked by the ULI have experienced improved building performance, even as occupancy rates continue to rise.
 
"To adapt to evolving environmental and climate-related vulnerabilities, building owners and policy makers are thinking about ways to protect against the possibility of eroding asset value," said Greenprint Chairman Emeritus Charles B. Leitner III. "Leaders in the real estate industry that have committed to mitigation and adaptation strategies are already benefiting from asset value preservation and creation."  

 
About the author
Published
Nov 20, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024