Tuesday, November 5, 2013
Back in September, Chicago became the latest city to adopt an ordinance requiring benchmarking of energy use in its large buildings. It is a notable accomplishment; only New York City, Philadelphia, Washington, D.C., Minneapolis, Boston, Seattle, Austin, San Francisco, California, and Washington State have similar ordinances.
I do not see why these ordinances have not caught on more quickly: the reporting is not terribly onerous; the upside for good actors in the market is huge; and operating costs of large office buildings seem like something that should have been a standard part of due diligence processes in real estate deals a long time ago. It is likely only the realities of the triple-net lease, which typically require tenants to pay operating costs and maintenance of their space, that insulated building owners from worries about energy efficiency. Hopefully more cities will jump on the benchmarking bandwagon and force building owners to bring energy efficiency back into the market price of their buildings.
Stephen R. Miller
This blog is an Amazon affiliate. Help support Land Use Prof Blog by making purchases through Amazon links on this site at no cost to you.
- Stephen R. Miller on Why are building inspectors so often on the take?
- Josh Hightree on What makes people leave rural areas, and what makes them stay
- Jessica Shoemaker on What makes people leave rural areas, and what makes them stay
- Jamie Baker Roskie on Why are building inspectors so often on the take?
- Stephen R. Miller on What makes people leave rural areas, and what makes them stay
- Water Down Under: A Report from Australia by Barbara Cosens: Post 5: Indigenous Rights to Water and Capacity Building
- Land Use Law-Related Articles Posted on SSRN in February
- March 4-6: Stanford 2015 Rural West Conference: Preservation and Transformation: The Future of the Rural West
- March 3 - J.B. Ruhl to deliver Boehl Distinguished Lecture in Land Use Policy at U Louisville Law
- Is this blog post "advertising"? California's bar proposes bright-line rule for regulating attorney blogs