Commercial Real Estate’s Untapped Asset
Most commercial real estate owners have an untapped asset that could be utilized to make a property more energy efficient, sustainable and ultimately more profitable!
According to the U.S. Department of Energy, “The average commercial building wastes 30 percent of the energy it consumes. That means that if you haven’t done anything to save energy, chances are you’ll find many opportunities to do so.”
This waste represents money already in the budget that could be put to a more productive use, representing a significant profit opportunity in most commercial buildings. The problem is it’s often given secondary consideration, and only viewed as essential when all the associated costs are added up.
“Most building owners don’t realize how inefficient their building has become over time or how much wasted energy is hindering their profitability.” Scott Ringlein, EAG, CEO
Energy waste tends to creep into buildings and businesses as technology ages and newer ones become more efficient. A significant problem is the fact that outdated technologies tend to develop associated and hidden long term costs that multiply as they age: