How to find energy-efficient commercial space

How to find energy-efficient commercial space

How to find energy-efficient commercial space

A typical search for office space can require combing through hundreds of listings and running the numbers on rent, utility costs, insurance and building fees in an attempt to make an apples-to-apples comparison of different market options.

And then there are the less quantifiable aspects of the search: How do you factor in your personal experience of entering a building? How do you put a value on a gut feeling of whether the space feels healthy and productive, or fits your personality and lifestyle? Often — at least more than we tend to admit it — those less tangible and subjective factors determine whether we sign on the dotted line. 

For a large commercial real estate tenant, this challenge is even more complex. In addition to budgets and other financial criteria to prioritize, many companies and organizations must factor in sustainability commitments, brands based on corporate social responsibility values and employees who will spend more than eight hours each day in the space they select — employees whom they want to retain and keep healthy, happy and productive. Not to mention factoring in the boards and shareholders to which many companies must answer.

Read Also:
Is Smart Data Better than Bigger Data for Predictive Analytics?

If I’m in a high-performance building, I can see how much energy I save, but I can’t see how much productivity we’ve gained, how much we’ve reduced rates of absenteeism and what health benefits we’ve accrued.

"The majority of tenants have classified the fundamental challenge as this: If I’m in a high-performance building, I can see how much energy I save, but I can’t see how much productivity we’ve gained, how much we’ve reduced rates of absenteeism and what health benefits we’ve accrued," said Alexandra Harry, senior associate with the Institute for Market Transformation (IMT), an organization that works to improve the energy efficiency of buildings.

"Without a number to assign to this reduction in overhead costs, it is nearly impossible to accept higher rents in a 'green' building."

 [Want to learn more about energy management and efficiency in commercial buildings? Don't miss VERGE 16 Sept. 19-22 in Santa Clara, California.]

Thus, although a space may feel right because of the enhanced work environment it would deliver — resulting in greater employee health, productivity, retention and attraction — the current challenge tenants face of making even basic estimates of the impact of these "soft benefits" means these benefits are most often not included in apples-to-apples assessments that tenants conduct. 

Read Also:
How IoT is keeping Panama Canal shipping flowing just in time

In 2014 and 2015, RMI published a series of Deep Retrofit Value Guides for commercial building owners and occupants and real estate investors. RMI developed these to provide real estate decision makers a comprehensive methodology to make the full suite of benefits that energy-efficient buildings deliver beyond energy cost savings more tangible by tying them to dollar values and real estate metrics.

These guides show that a sustainable office space can save about $6.

 



Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
How IoT is keeping Panama Canal shipping flowing just in time

AI Paris

6
Jun
2017
AI Paris

20% off with code AIP17-7WDATA-20

Read Also:
Applying analytics in financial institutions’ fight against fraud

Chief Data Officer Summit San Francisco

7
Jun
2017
Chief Data Officer Summit San Francisco

$200 off with code DATA200

Read Also:
How digital transformation is reshaping the energy industry

Customer Analytics Innovation Summit Chicago

7
Jun
2017
Customer Analytics Innovation Summit Chicago

$200 off with code DATA200

Read Also:
How Big Data From Connected Assets Enables Better Decision Making
Read Also:
Insurance companies aren't covering climate risk — is Big Data to blame?

HR & Workforce Analytics Innovation Summit 2017 London

12
Jun
2017
HR & Workforce Analytics Innovation Summit 2017 London

$200 off with code DATA200

Read Also:
How Big Data From Connected Assets Enables Better Decision Making

Leave a Reply

Your email address will not be published. Required fields are marked *