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How Does Local Law 84 Benchmarking Impact Property Values?

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  In an era of increasing environmental awareness and regulatory oversight, energy efficiency has become a critical factor in real estate. One such regulation that significantly influences New York City’s property market is Local Law 84 Benchmarking . Introduced under the Greener, Greater Buildings Plan (GGBP), Local Law 84 requires owners of large buildings to annually measure and report energy and water consumption. While the law is aimed at improving energy efficiency, it has broader implications — particularly for property values . Local Law 84 Benchmarking has a direct and indirect influence on property values through several key mechanisms. Understanding these impacts is essential for property owners aiming to make informed decisions and maintain competitiveness in the evolving real estate market. Understanding Local Law 84 Benchmarking Local Law 84 (LL84) requires owners of large buildings in New York City—those over 25,000 square feet or part of a group totaling over 100,0...
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Why Your Commercial Building Needs an Energy Management Plan Today!

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  In today's fast-paced world, managing energy efficiently is not just an option but a necessity, especially for commercial buildings. The increasing demand for sustainable energy solutions, coupled with stringent regulatory requirements, is pushing businesses to rethink their energy strategies. Implementing an energy management plan is no longer a luxury but a critical component of operational success. Here's why your commercial building should adopt an energy management plan immediately.    1. Cost Reduction through Efficient Energy Use  Commercial buildings are significant consumers of energy, often leading to high operational costs. An effective energy management plan can significantly reduce energy consumption, thereby lowering these costs. Energy management tools are designed to analyze energy usage patterns and identify areas where energy waste can occur. By addressing these areas, businesses can not only reduce their energy bills but also enhance the overall...
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Energy Efficiency Revolution: The Role of ASHRAE Energy Audits

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  In the face of mounting energy demands, rising operational costs, and the urgent need to reduce environmental impact, energy efficiency has become a fundamental pillar of responsible facility management and building design. The revolution in energy efficiency is not driven by speculation or marketing — it is grounded in science, engineering standards, and data-driven decision-making. At the heart of this movement lies a structured, credible methodology: ASHRAE Energy Audits . These audits, established by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), offer a rigorous framework for analyzing, understanding, and improving how energy is consumed in buildings. As buildings account for nearly 40% of global energy consumption, optimizing their performance through systematic audits is not just prudent — it is essential. Understanding ASHRAE Energy Audits ASHRAE Energy Audits are tiered, methodical evaluations that identify how energy is used in a...
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