CRE Strategies for Energy Efficiency and Safety Standards

This document is a newsletter edition that discusses strategies for improving operating income and reducing energy consumption in commercial real estate (CRE) amidst economic fluctuations. It outlines how property managers can utilize advanced technologies and analytics to enhance operational performance. The article details the role of Building Management Systems (BMS) in optimizing HVAC operations and reducing energy costs. It presents strategies such as chilled water system optimization and AI-powered HVAC management, which can lead to significant energy savings. Additionally, the newsletter introduces the new NFPA 70B standard for electrical equipment maintenance, emphasizing the importance of proactive measures to enhance safety and reduce downtime. The standard requires regular inspections and testing of electrical systems, promoting the engagement of qualified personnel for maintenance tasks. This shift from recommendation to standard signifies a critical change in the CRE industry, urging property managers to adopt a proactive approach to electrical system maintenance to ensure safety and reliability.