Benchmark definition in real estate9/3/2023 ![]() ![]() The goal of making such data publicly available or "transparent" is to create long-term market demand for energy efficient buildings, protect tenant interests, and reward high-performers. ![]() This change follows the norm already established by law in dozens of other U.S. On February 29, 2016, the Seattle City Council approved an amendment ( Ordinance 125000) to the existing benchmarking regulation ( SMC 22.920) to make building energy performance data publicly available. Allows the City of Seattle to track its energy reduction goals and target incentive dollars by market sector.Establishes energy performance ranges for Seattle building types based on their reported energy use to help owners see how their building's energy use compares to their peers.Lowers energy costs to owners and tenants, reducing greenhouse gas impacts, and creating jobs in the energy services and construction trades.Helps businesses and consumers make more informed decisions that take actual energy costs into account when buying or renting property.Benchmarking is a first step towards lowering energy costs and staying competitive. Shows property owners and managers how their buildings are using - and wasting - energy.The Institute for Market Transformation's " The Benefits of Benchmarking Building Performance" report outlines the extensive benefits of benchmarking for building owners, cities, and the real estate market. Duwamish Valley: Background & Resources.Resilience District Advisory Group Members.Resilience District Advisory Group Meetings & Materials.Duwamish Valley Program Annual Update 2018.Duwamish Valley Program Annual Update 2019.Duwamish Valley Program Annual Update 2020.Duwamish Valley Program Annual Update 2021.Duwamish Valley Program Annual Update 2022.Seattle Building Emissions Performance Standards Policy Development.Building Emissions Performance Standards. ![]()
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