Buildings that rate in the top 25% of facilities in the nation for energy performance can qualify for the EPA’s Energy Star label. Industries such as, commercial and corporate real estate, governments and schools, healthcare, hospitality, houses of worship, and retail, can earn the label through independent verification by a registered Professional Engineer (P.E.).
Why is this important? In 2007, data provided by CoStar indicates that Energy Star labeled commercial real estate had higher occupancy rates (3.6%), higher rents ($2.38/ft2), higher sales premiums ($61/ft2) and lower operating expenses. For a 50,000 ft2 building, the increase in annual revenue from rent alone could be as much as $119,000. When compared to the nominal cost to validate the Energy Star Label, it's an easy sell.