Tips to Reduce Your NYC Office Space Energy Costs

01 February, 2018 / Alan Rosinsky
"Scenic Bryant Park in Midtown Manhattan featuring LEED-certified Bank of America Tower.

 

New York City is known for its bustling business districts and prime office spaces. But with these perks come hefty energy bills that can take a toll on your bottom line. So whether you’re a long-time tenant or just starting, reducing energy costs is paramount to improving your profits and contributing to a greener environment.

Every type of business can benefit from energy-saving practices, from law firms to physicians to startups. But where to start?

With a little effort and expert guidance, you can reduce your NYC office space energy costs and enjoy a more sustainable workspace.

A Few Little Things You Can Do

You may be surprised to know that even small changes can significantly impact your energy bills. You can reduce your energy consumption and boost your bottom line by implementing a few simple strategies.

For instance, replacing traditional light bulbs with energy-efficient ones can save you a lot in the long run. Turning off electronics when not in use is another cost-saving practice that is easy to implement. Additionally, making some tweaks to your office layout to take advantage of natural light can help reduce your reliance on artificial lighting, resulting in even more savings.

Of course, every office is unique, and what works for one may not work for another. That’s why seeking advice from a commercial real estate broker in New York City is essential. They can provide valuable insights and recommendations specific to your office space to help you optimize your energy usage and save money.

By implementing these energy-saving practices, not only will you reduce your energy bills, but you’ll also contribute to a more sustainable environment. With a little effort, you’ll have an environmentally-friendly and financially-savvy workspace.

Find Newly Constructed or Retrofitted LEED Office Space

 

Many NYC office buildings are older, lack modern energy efficiency measures, and were constructed before “going green” was a thing. So it’s hardly surprising that utility bills take a large chunk out of NYC business budgets alongside salaries and real estate costs.

However, there is good news. Many landlords are retrofitting older buildings with green building techniques and certifications. One such certification is LEED, the national green building certification standard for retrofits and new developments.

LEED-certified buildings benefit the environment and provide cost savings to landlords and tenants alike. For example, in NYC, the Bank of America Tower, Hearst Tower, and 11 Penn Plaza are all LEED-certified.

Some real estate developers are even going a step further by constructing zero-energy buildings.

However, finding these energy-efficient spaces in NYC can take time and effort. That’s where a licensed real estate broker comes in. With their expertise and industry connections, they can help guide you through the market and find the perfect green office space for your business.

Plus, the benefits go beyond just cost savings. By choosing a sustainable office space, you’re positively impacting the environment and showcasing your commitment to corporate social responsibility.

Save More with Real Estate Incentive Programs

Con Edison, the city’s utility company, offers several incentives that can help reduce your NYC office’s energy bill. Here are some of the programs you can take advantage of:

  • Commercial and Industrial Energy Efficiency Program: This program targets metered tenants by offering cost savings for installing energy-saving equipment and systems.
  • Central Air-Conditioning Program: With this program, you’ll receive a free thermostat device for remote temperature control, helping you save on cooling costs.
  • Demand Response System: This program can help you save costs during high-use months by monitoring energy usage.
  • Small Business Direct Installation Program: If you’re a small tenant, you can benefit from a free energy survey to get an expert analysis of your energy use.
  • Energy Cost Savings Program: This program provides up to 40% savings on regulated heat and energy use for commercial tenants relocating to a space above 96th Street.

The Key Takeaway

In the hustle and bustle of New York City, it’s easy to overlook the little things that can make a big difference. But those little things can add to significant savings when it comes to reducing your office space energy costs.

For example, start by turning off the lights when you leave a room or when natural light is sufficient. Remember to unplug electronics that aren’t in use, or consider using power strips to turn off multiple devices easily. You can adjust your thermostat to reduce heating and cooling when the office is unoccupied.

Simple changes like these can significantly save your monthly energy bills. And while it may seem like a small contribution, reducing your energy consumption can positively impact the environment. Doing your part can help make New York City a greener and more sustainable place to live and work.

So, whether you’re working in a new or older office building, reducing your energy costs is achievable. It takes a little awareness and a commitment to making energy-efficient choices. You’ll be amazed at how much you can accomplish with just a few simple changes.

For further information on finding green space and understanding tenant incentive programs, contact Metro Manhattan Office Space today at 212-444-2241.

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