Property sustainability needs work, says study

Sustainability needs to be improved for many properties.

A study compiled jointly by Siemens Building Technologies Division and McGraw-Hill Construction showed that in order for most U.S. properties to be successful sustainability-wise, property management companies will need to do far more than what has been done at this juncture.

The study, "A Path to Achieving Higher Building Performance," explained that many owners have invested heavily in their properties, but it may not be enough. The reading ranged from properties that complete few improvements to properties that have improved performance markedly through investing. The stage one to four measurement found that most properties were located in the middle.

"We recognize that greater adoption of energy efficiency and sustainability practices within buildings is critical to address our nation's challenges in the areas of infrastructure, climate change and continued economic vibrancy," said Brad Haeberle, senior director and head of Building Automation Service for Siemens Building Technologies Division.

The report added that healthcare, office and collegiate properties were found in all four categories, but were specifically situated in the middle, which meant there was room to improve. However, the report noted that even with slow economic recovery, many property managers are looking for further investment.

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