Chicago Jones Lang LaSalle has become the first major real estate service firm to enroll 100% of its managed property in the EPA’s Energy Star program.
The company said that the 330 office buildings that make up its property-management portfolio have been enrolled in Energy Star Portfolio Manager, a process which involves reporting a range of energy-related information to receive a rating between 1 and 100. Ratings correspond to the level of energy performance of a building compared with competitive building, so a building with a 75 rating -- the level required to receive an Energy Star label--is more energy efficient than 75% of comparable buildings.
The average Energy Star rating of properties in Jones Lang LaSalle's managed portfolio is 67, or 17 percentage points higher than the industry average score of 50. This strong performance equates to approximately $50,000 per building in annual energy-cost savings for buildings managed by Jones Lang LaSalle.
"Participation in Energy Star is the best way to objectively measure a building's energy efficiency, and measuring performance is a key element in improvement," said Dan Probst, chairman of Energy and Sustainability Services at Jones Lang LaSalle. "Owners are more likely to make modest investments in properties when they can see a payback in terms of reduced energy cost."