CoStar Insights

CoStar Partners with U.S. Department of Energy to Promote Eco-Friendly Buildings

by Shara Dahl | May 31, 2016
CoStarGroupLogoCoStar is partnering with the US Department of Energy to help create a cleaner future for communities, one building at a time.

As part of the company’s mission to promote environmentally responsible business practices across the commercial real estate market, CoStar will begin providing energy data on commercial and industrial properties and housing markets featured in its industry leading research database.

That means CoStar customers, including brokers, owners, investors and lenders, will have access to first-hand intelligence about the environmental attributes of property investment and finance opportunities – which can help them make smart investment decisions that foster economically-friendly business practices.

The partnership marks the most recent advancement in the company’s eco-friendly history.  CoStar already identifies, highlights and promotes the benefits of the 15,000-plus ENERGY STAR-labeled and LEED-certified properties in its database, a result of partnerships with the Environmental Protection Agency and the U.S. Green Building Council. 

In addition, CoStar has instilled an environmentally sound approach to its extensive research initiatives. The company has a fleet of more than one-hundred low-emission research vehicles and the company’s headquarters in Washington, DC is LEED-certified platinum. 

As a growing number of city governments implement policies requiring local businesses to disclose building energy usage information, CoStar will soon funnel that intelligence into its research database as well.  Washington, DC and Chicago will be the first two cities to have such data featured in CoStar’s system later this year, with more city information to be added on a rolling basis.   

For more information visit:
CoStar announcement: click here
U.S. Department of Energy announcement: click here
US Green Building Council: click here
District of Columbia Department of Energy and Environment: click here
 
 

This post may include "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs, which are based on our current beliefs and various assumptions concerning future events and circumstances that are subject to change.  Actual results and events may ultimately be materially different.  All forward-looking statements are based on information available on the date published, and we assume no obligation to update these statements.  You should not construe this post as investment, tax, accounting or legal advice.