Why Focus on Commercial Real Estate
Focus CRE Helps You Translate Energy Efficiency Into Higher Asset Value.
Market and Political Forces Are Making Energy Efficiency a Priority
In an age of global warming, rising energy costs, and increased calls for energy independence, we all must consider changing how we live and work. Across the U.S., buildings are responsible for 39% of energy consumption, and commercial buildings comprise almost half of that amount.
New York State and New York City have set goals, respectively, of meeting 45 percent of electricity needs through efficiency and renewables by 2015, and of reducing greenhouse gas emissions by 30% by 2030. New York City may also soon require owners of buildings of over 50,000 square feet to benchmark their building's energy consumption. Effecting this change will not be easy. As a commercial office owner, manager, or contractor, how can you respond to this call to reduce global warming?
Through Focus CRE, Undertaking Energy Improvements is Easier Than Ever
Conceived in partnership with the real estate industry, Focus CRE streamlines NYSERDA’s technical expertise and financial incentives into a simple, re-engineered process. Focus CRE helps you prioritize energy investments in your portfolio, identify energy savings opportunities in individual buildings, and evaluate returns on investment given lease structures. Focus CRE staff then work with you to develop an implementation strategy, secure financial incentives to launch the effort, and track success over time.
Sustainability Improvements Can Enhance Your Bottom Line
Even during a recession, sustainability goals are not at odds with financial goals. Increasingly, commercial owners are seeing that dollars invested in energy improvements yield surprising returns, increasing net operating income and boosting asset value. Office tenants are increasingly demanding buildings that are operated in a cost-conscious and environmentally responsible manner, making energy efficiency a critical element in attracting and retaining high-quality tenants. Major industry studies report that a majority of real estate and construction professionals recognize the investment value of going green, and that business executives acknowledge its positive impacts on health, well-being and occupant productivity. Making improvement makes financial sense, even today.
Maximize Your Financial Return on Sustainability Initiatives
Conceived in partnership with the real estate industry, Focus CRE streamlines NYSERDA’s technical expertise and financial incentives into a simple, re-engineered process. Focus CRE helps you prioritize energy investment in your portfolio, identify energy savings opportunities in individual buildings and evaluate their return on investment, given lease structures. We then work with you to develop an implementation strategy, secure financial incentives to launch the effort, and track success over time.
Guide Your Clients to Sound Energy Investments
Focus CRE provides technical tools and financial analysis support for energy consultants working with commercial office clients. As consultants, you can access the Benchmarking Toolkit, advanced diagnostic tools, an Energy Scan assessment checklist, lease-based financial analysis tools and presentation materials to connect your clients to NYSERDA incentives. Focus CRE also provides cost-sharing for technical analyses, and can be used as a marketing tool to help you present the environmental and financial advantages of going green through a simple and sustainable process.
Last Updated: 01/18/2012