The Building Owners and Managers Association (BOMA) International and the Greater Boston Real Estate Board (GBREB) released a report, “An Economic Perspective on Building Labeling Policies,” that questions the efficacy of mandatory building energy labeling. “Mandatory benchmarking and energy labeling often adds expense to building owners without necessarily improving energy efficiency significantly,” commented BOMA International Chair Joe Markling. The report did find evidence that building labels could boost property values, with properties that receive a “green” score seeing appreciation in their market value and properties receiving a brown score experiencing depreciation.
Related Stories
Smart Buildings | Nov 20, 2020
The Weekly show: SPIRE smart building rating system, and pickleball court design tips
The November 19 episode of BD+C's The Weekly is available for viewing on demand.
Office Buildings | Nov 17, 2020
Former elementary school becomes modern office space in North Charleston
The Middleton Group is designing the project.
Government Buildings | Nov 13, 2020
Tax shortfalls nip government projects in the bud
Federal contracts are proceeding, but states and cities are delaying, deferring, and looking for private investment.
AEC Tech | Nov 12, 2020
The Weekly show: Nvidia's Omniverse, AI for construction scheduling, COVID-19 signage
BD+C editors speak with experts from ALICE Technologies, Build Group, Hastings Architecture, Nvidia, and Woods Bagot on the November 12 episode of "The Weekly." The episode is available for viewing on demand.
Office Buildings | Nov 9, 2020
HWKN unveils Bushwick Generator office campus
The building will become a new hub for innovative companies in Brooklyn.
Building Team Awards | Nov 2, 2020
It's back to the future for this contractor
Poettker Construction’s new headquarters in rural Breese, Ill., is recognized with a Bronze Award in BD+C’s 2020 Building Team Awards.
Smart Buildings | Oct 26, 2020
World’s first smart building assessment and rating program released
The SPIRE Smart Building Program will help building owners and operators make better investment decisions, improve tenant satisfaction, and increase asset value.
Office Buildings | Oct 14, 2020
Chicago’s Bank of America Tower completes, opens
Goettsch Partners designed the project.
Office Buildings | Oct 9, 2020
One of the few Class A office buildings in New York’s East Harlem should start construction early next year
Big floor plates will accommodate tenant customization.
Office Buildings | Oct 8, 2020
New Florida office property is designed for a post-Covid-19 world
Chesterfield is developing the project.