Written by: Marta Schantz
Commercial real estate markets are built on a large, and often complex, field of stakeholders, from property managers to building owners and building engineers. At Waypoint, we understand the importance of engaging each of these stakeholders to provide tailored energy analytics and actionable energy conservation recommendations. Throughout these efforts, we’ve noticed that the commercial real estate market is changing:
Stakeholders are recognizing the opportunities to save energy and money by benchmarking and undertaking projects
They have greater access to both broader and more granular energy data
They now have the ability to perform more nuanced analytics and communicate the implications to decision-makers
We’re seeing more and more scouring over spreadsheets and analytics dashboards by Property Managers. And it’s not just Waypoint that has noticed this shift; NREI Online recently published an article called “Property Managers Take On More of an Asset Manager’s Role” that reinforced just this finding with the commentary that “New demands and new technologies are coming together to advance the role of the property manager.”
Related to this finding are roles that were once siloed to a particular aspect of property management are becoming more integrated. As part of this, Waypoint has found Property Managers are critical in successfully implementing energy efficiency projects through our Utility Connect Program. The Utility Connect Program that Waypoint runs covers all matters of commercial building energy from usage and efficiency to technology and equipment systems. For example, Waypoint worked directly with a Property Manager at a 253,000 square foot, 18-story, downtown San Francisco office building to successfully implement energy efficiency measures for an estimated savings of $47,000 and 293,000 kWh annually – more details are available in the associated case study.