HVAC alterations CRE owners could save money

HVAC changes could save offices money.

Many commercial property management companies may benefit from adding retrofits to their current HVAC setup, according to a study from Pacific Northwest National Laboratory.

The study noted that these companies would have the ability to save a significant amount of energy costs for both heating and cooling, according to Environmental Leader. This could amount to anywhere between 25 to 35 percent on total HVAC costs.

More specifically, there were four types of buildings specified in the study. The first – stand-alone retail – would save an average of 43 percent on energy costs by taking these measures. Supermarkets could save approximately 24 percent, while strip malls could experience as much as 35 percent saved. In addition, office building would be able to save close to half of their current energy cost output.

The study also noted that a smaller office building in California was able to save close to 70 percent in energy expenses.

With continued expansion of the commercial real estate market post-recession, many property management companies may welcome the savings, as it could help improve other aspects of their business.

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