HOTTEST TREND FOR 2012

Is your building not green yet? (Or are you still wearing a Members Only jacket?) Consider yourself outdated. Dana Schneider, JLL’s Northeast market lead for energy and sustainability services, says it’s not just about attracting tenants, saving money, and increasing value—it’s also ensuring compliance with ever-increasing regs (think City initiatives like the Greener, Greater Buildings Plan). She’s been helping owners of many buildings figure out what’s most impactful for their assets and the cost for doing so. In most cases today, implementing sustainable measures is no more than a five-year payback, she says, and there are still many incentives available for owners from places like NYSERDA.
The Empire State Building got its LEED cert in September by putting in place a replicable process for deep energy retrofits of existing buildings, created by a team of JLL, Clinton Climate Initiative,Johnson Controls, and the Rocky Mountain Institute. The result:guaranteed reduction of the building’s energy consumption by over 38%, saving $4.4M in energy costs annually (and a three-year payback, to boot). The team has brought this process to over 36 buildings nationally these past two years. And JLL has committed to developing plans to reduce energy in its managed portfolio of large buildings by 20% over the next 20 years—that's 100M SF.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Hedge Fund Breaks NYC Record With $375-Per-SF Office Lease

Renewals Dominate In Years-Low Office Leasing Quarter

Amazon, LA Olympics Organizer Take Over 39-Acre Site Formerly Home To Forever 21

Delin Secures €227M Loan To Refinance Dutch Logistics Fund

Structural Design Decisions Can Box Owners In. The Right Partner Can Help Them Make More Informed Decisions

South Fulton Mayor Embraces Data Centers After End Of Moratorium

Fort Worth Offers Incentives To Land Nearly $200M Harting Connectivity Plant

High-Flying Midtown Office Market Back To Pre-Pandemic Health

Law Firm Occupies Shorenstein's 14th & Spring Tower: The Atlanta Deal Sheet

Mamdani Officials, RGB Members Had Frequent Contact Before Rent Freeze, Communications Reveal

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

Morgan Stanley Fund Buys 189K SF Milpitas Industrial Building