Vert Energy Group

  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...

  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...