Owning and operating commercial real estate is a time-consuming business. Whether it is overseeing property operations, tenant relations, construction management, capital improvements, or lease renewals; property issues are labor intensive and require constant attention. Adding to this already complex business is the demand for energy management and sustainability in commercial spaces.
Minimizing energy consumption, water and waste use are but a few of the existing sustainability practices, but these only graze the surface. Investing in efficiency can deliver long-term returns for property owners, tenants, and employees. A professional, third-party real estate management company can help navigate this ever-changing tide by providing building owners with confidence, stability, and relevant solutions.
Important to delivering operational excellence and superior service is having superior technology. Appropriate technology and well-qualified vendors allows commercial real estate managers to track building energy and water intensity in order to benchmark performance. This cutting-edge energy technology, coupled with energy management and sustainability practices, sets the foundation to achieve optimum building efficiency. Think lower costs and increased net operating income.
An established third-party real estate management company also has buying power and access to the most qualified vendors and service providers. This access can offer commercial real estate owners savings on operating expenses and capital expenditures, which can be passed on to the tenants.
In January 2014, California Assembly Bill AB1103 became effective, mandating that owners disclose energy usage at the time of sale, lease to single tenant, or refinance of non-residential buildings. Even if this mandate isn’t strictly enforced, today’s commercial real estate market and tenants are demanding energy efficient space. Obtaining a sustainable building analysis is the first step towards understanding a building’s energy performance.
Meissner Jacquét Commercial Real Estate Services is a talented team of real estate professionals who aligns with real estate owners in strategic business decisions concerning their assets by understanding and achieving ownership goals. Meissner Jacquét’s oversight allows our clients to focus on their core business and to be confident that their assets are in capable hands. In a constantly fluctuating real estate market with unending time constraints, we provide our clients with a platform to leverage their resources. We pride ourselves on being the forerunner in the business of commercial real estate.
Meissner Jacquét provides commercial real estate services to Office, Retail, Industrial, and Commercial Owner Association properties to institutional and privately-held investors. To learn more about Meissner Jacquét’s services, please contact Allison MacDonald at 858-373-1234 or AllisonM@meissnerjacquet.com.
- California Energy Commission, Nonresidential Building Energy Use Disclosure Program (AB 1103)
- Meissner Jacquet Commercial Real Estate Services