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Peter Key's picture
Freelance Writer, Editor, Consultant Self-employed

I've been a business journalist since 1985 when I received an MBA from Penn State. I covered energy, technology, and venture capital for The Philadelphia Business Journal from 1998 through 2013....

  • Member since 2015
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  • Jan 25, 2021
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After falling nearly 25 percent in May due to the pandemic, office electricity consumption rebounded to 90 percent of its pre-pandemic levels by fall and has stayed there, according to Hatch Data, which tracks and analyzes building data from utility meters and equipment in more than 550 million square feet of occupied space in about 2,700 commercial properties across North America.

The reasons include clauses in leases that require building operators to do such things as provide air chilled to a specific temperature for a certain number of hours, as well as building systems and equipment, such as water heaters and server rooms, that are designed to operate all the time.

Hatch CEO Zach Robin says tenants and building operators are working on lease adjustments that would reduce office energy consumption, but new standards for ventilation, higher-rated air filtration, and increased cleaning protocols due to the pandemic are likely to keep it climbing. 

 

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