GLRPPR Sector Resource: Valuing Energy Efficiency in Mixed-Use Office Spaces
Valuing Energy Efficiency in Mixed-Use Office Spaces
Built in 1906, Self-Help's downtown Wilmington property shows that an older building, likely designed without efficiency in mind, can improve its energy performance through retrofits while making the building more affordable for its retail, small business, and non-profit tenants. Self-Help installed a building management system and a new chiller to achieve 21 percent energy cost savings and 13 percent water cost savings, lowering its site energy use intensity (EUI) by 28 percent. Annual energy savings of $11,100 have led to a more productive asset and may result in a lower cap rate and increased property value.
Institute for Market Transformation
Case study/success story
Date of Publication:
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