4 Ways Solar Power Has Impacted CRE
Tallahassee, Florida – October 2, 2020 – As the commercial real estate industry strives for a greener
future, solar power is making a big impact on the industry’s physical spaces.
Environmental concerns have been focused around the commercial arena for years - and it’s no wonder why. On average, commercial properties waste up to 30% of the resources they consume. When you factor in that commercial buildings use up 40% of the nation’s energy consumption, it’s obvious that sustainability initiatives need to collaborate with the commercial real estate business.
That is exactly what has played out. The commercial real estate industry is focusing on sustainable operations and development more than ever before. An interest in going green has proved to increase profits, enhance the desirability of a space, and propel a listing into the modern era.
With 544 operating solar power companies and a national ranking of 3rd place by SEIA (Solar Energy Industries Association), the Sunshine State is projected to increase by 8,632 MW of power over the next 5 years. NAI TALCOR strives to be at the forefront of continuing to expand solar power with land sales for solar farms in North Florida.
Here are a few notable ways that solar power has impacted CRE as a whole:
Environmental concerns have been focused around the commercial arena for years - and it’s no wonder why. On average, commercial properties waste up to 30% of the resources they consume. When you factor in that commercial buildings use up 40% of the nation’s energy consumption, it’s obvious that sustainability initiatives need to collaborate with the commercial real estate business.
That is exactly what has played out. The commercial real estate industry is focusing on sustainable operations and development more than ever before. An interest in going green has proved to increase profits, enhance the desirability of a space, and propel a listing into the modern era.
With 544 operating solar power companies and a national ranking of 3rd place by SEIA (Solar Energy Industries Association), the Sunshine State is projected to increase by 8,632 MW of power over the next 5 years. NAI TALCOR strives to be at the forefront of continuing to expand solar power with land sales for solar farms in North Florida.
Here are a few notable ways that solar power has impacted CRE as a whole:
RENEWABLE RESOURCES AS A REALITY
While going green is a trending topic in the commercial scene, there’s still a large gap between where a property is right now and its ultimate sustainable goal. Eco-friendly property alterations are still viewed as extracurricular, and CRE sustainability adoption is often laid out as a plan that extends into the far, far future.
But, as solar power becomes more popular, increasingly affordable, and easy to operate, it's allowing CRE to dip it’s toes into sustainability without making a massive dent in budgets, plans, or management.
Solar has made renewable energy into a reality for CRE, allowing the biz to test out a green model and experience the benefits for themselves.
VACANCY-DRIVEN INSTALLATION TIMELINES
For many buildings, closing for business has allowed for those backed-up renovation projects to finally happen. One positive that’s come out of the recent market closures has been the ability to move forward with solar power installations.
Solar panel installations have been pushing forward while everyone’s at home, and despite a few delays, are getting done quicker than anticipated. Right now, many properties that were pending solar accommodations as ‘TBD’ projects are now well underway with this new and exciting method of generating power.
CUTTING BACK COSTS
Sustainability is inherently a money-saving move. Wasting resources means wasting money, and the financial aspect of going green is what attracts many investors to make the switch to environmentally friendly strategies.
Despite the initial costs associated with set-up and installation, it’s an investment that cuts down the operational costs of a building for years to come. In this way, it completely transforms the financial expenditure of commercial spaces, which can have a significant impact on boosting ROI.
Solar power has changed the way commercial buildings produce, store, use, and waste energy. Thanks to solar energy, there’s a feasible alternative to power commercial portfolios without draining investor pockets.
Commercial developments that move forward with solar power are setting themselves up for greater returns into the future - breeding a successful and sustainable portfolio.
ABOUT NAI TALCOR
With 70 team members including 30 licensed commercial sales advisors, NAI TALCOR is the leader in the North Florida, South Georgia and South Alabama markets. NAI TALCOR is a full service commercial real estate brokerage, property management, development and construction management firm. Providing commercial real estate services since 1990, NAI TALCOR has steadily grown by meeting client needs and partnering with others to promote mutual growth and prosperity in all aspects of commercial property ownership.
NAI TALCOR clients receive global reach with local expertise, a truly distinct advantage in commercial real estate services. Whether real estate requirements are in one market or many, we help our clients understand the market, acquire, dispose of, develop or manage their property with ease.
NAI TALCOR provides comprehensive brokerage, leasing, property management, receivership services, and facility/construction management to the North Florida, South Georgia and South Alabama commercial real estate marketplace. Our collaborative services platform is an expansive, yet nimble, responsive structure which enables efficient, full services delivery of all elements of Commercial Real Estate Services to the region. NAI TALCOR is involved with the leasing, selling, and property management throughout North Florida, South Georgia and South Alabama. Our skilled professional specialize in office, retail, multi-family, special-purpose, medical, and other properties.
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. Whether you need to buy, sell, lease, finance, or manage commercial property in your town, across the U.S. or in Asia, Europe, Latin America, and beyond, your nearby NAI Global local office is your local point of entry into a world of creative solutions in commercial real estate.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. NAI Global offices are respected local-market roles models that are passionate about the commercial real estate business. With long histories of success across market cycles, NAI Global offices have a hard-earned, unusually deep level of local market knowledge and insight beyond the commoditized data you find elsewhere. This depth of knowledge is borne from their local relationships nurtured for generations-relationships that give our local-market leading offices the edge with the know-how, who, what, where, and when to achieve exceptional results for clients.
As an organization, NAI Global actively manages this industry-leading platform of local market knowledge and leadership, providing support and services that yield seamless integration and the consistent delivery of exceptional services to clients worldwide.
To learn more, visit www.TALCOR.com or www.naiglobal.com
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