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Energy concerns in commercial real estate and industrial property

These days, if Fort Lauderdale residents aren't hearing about energy sector concerns and the environment on a daily basis, they probably aren't paying close attention to the 24-hour news cycle. Making homes, office buildings and other commercial and industrial properties more energy efficient is a big part of the economy. Advances in technology and increased concerns about the environment and climate change have prompted many businesses to look into the possibilities of making their properties more green and eco-friendly.

The United States Environmental Protection Agency estimates that commercial and industrial properties are responsible for about half of all emissions of greenhouse gases throughout the country. As a result, there is a continuing effort on the part of the federal government to encourage business to make conversions on their properties that will save on energy consumption and decrease the impact these companies have on pollution.

The problem is, many of these conversions can come with large up-front expenses. So large, in fact, that companies that own commercial property may be hesitant to allow these expenses to cut into their short-term profit.

For companies that are looking to expand and are in the market for commercial real estate, this can be problematic. It can become more important than ever to find a property that was built with enhanced energy efficiency in mind, or that has already gone through the necessary conversions. These types of properties may be tough to find, so it is usually a good idea to get the most accurate information available about what is on the market.

Source: epa.gov, "Energy Efficiency in Non-Governmental Buildings," accessed July 26, 2015

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