Energy efficiency programs interest property managers

More commercial property managers are interested in sustainability measures.

More commercial property managers are interested in sustainability measures, but while some made small investments, larger commitments were not as common, according to a report from Jones Lang LaSalle.

A preference for smaller, out-of-pocket projects were more popular, despite an increase in overall finance options in the past few years. This includes major energy retrofits, as well as other product installations that help reuse energy sources, JLL noted in its Global Sustainability Perspective. Many property managers noted the smaller projects give them a monetary payback immediately, despite these being of lesser value.

"Owners tend to favour moderately priced projects such as lighting retrofits and temperature controls, rather than expensive HVAC upgrades that would save more energy but would be less visible to tenants," said Dan Probst, chairman of energy and sustainability services at Jones Lang LaSalle.

Probst added that more property managers must be aware that the money spent on energy retrofits gives them money back through multiple channels. This includes lower energy output, property value and a more significant return on investment.

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