|July 23, 2009|
Landmarks & Companies Retrofit for Greener Efficiency
A report by Pike Research, a market research firm in Colorado, predicts that the retrofit market will experience strong growth through 2013 and beyond. |
With the economy putting new construction in a headlock the retrofitting market has taken off. Building owners are not only retrofitting to update their spaces for looks they are retrofitting for sustainability and cost savings. Though retrofitting to be sustainable is more expensive up front, owners are counting on cost savings on energy to be more than the retrofit in the long run.
Retrofitting buildings is a monumental task with some inconvenience associated with it for customers, tenants and owners. Here is a list of some items that are normally upgraded or replaced in a retrofit.
The Sears Tower in Chicago, the Toronto-Dominion Center in Toronto, the Robert Redford Building in Santa Monica and the Empire State Building in New York are just four buildings currently going through sustainable retrofits, or will be in the very near future.
In a study by Charles Lockwood and Deloitte in 2007 about sustainable retrofits, 16 organizations that underwent LEED certified building retrofits participated, the following information was published.
The report states that Adobe Systems, who retrofitted their headquarters, saved $1.2 million annually. Their electricity usage dropped 35%, their natural gas usage by 41%, water consumption by 22% and their work force grew 35%.