By May 15, owners of approximately 1,050 commercial buildings of 50,000 square feet or more will be required to submit data to the city of Boston on last year’s power and water usage. The ordinance, called the Building Energy Reporting and Disclosure Ordinance or BERDO, was submitted by former Mayor Menino with the goal of reducing greenhouse gas emissions.
JLL’s Dan Ozelius of our Property Management group told Banker & Tradesman that collecting the data could adversely affect low efficiency properties. The reporting system doesn’t distinguish between buildings that have a single meter vs. those that have multiple meters serving individual tenants.
“Owners are afraid that they’re going to be put at a disadvantage by that,” said Dan. “We’re going to give the city all this data. The question is how they’re going to report it out.”
An advisory committee which includes commercial real estate developers will make recommendations to the city on those details for next year. The first year can be the toughest for building owners to adapt to the new regulation.