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Sep 02
2010
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If you’re a commercial building tenant looking for new office space, you’re probably comparing a few potential spaces on the basis of rent, location, the condition of the space, and maybe even the carpet color. One consideration you’re probably not looking at is the energy bills the space typically commands, either because you don’t care or because they’re simply not available.
Enter commercial benchmarking laws. These laws, which are starting to appear at the city, state, and national level worldwide, can transform the role that energy efficiency plays in driving tenant and owner decisions. The idea is that, when tenants have access to an energy profile for office space they’re considering, they may compare the energy costs of different spaces. Efficient spaces end up more desirable and less efficient spaces face higher vacancy rates. In turn, building owners looking to minimize vacancy rates, invest in energy efficiency upgrades to keep their buildings competitive in the market.

