As Maryland adopts Building Energy Performance Standards (BEPS), adding to a growing list of state and city regulations, commercial real estate owners nationwide watch closely. Building owners face a stark reality: similar regulations will likely arrive in their jurisdictions. What you need to know for strategic preparation:

New York City’s Local Law 97 (LL97) has sparked significant debate since its enactment. The ongoing pressure to decarbonize continues to create stress, particularly as regulations continue to evolve. By shifting focus from compliance anxiety to the advantages of proactive adaptation, building owners can unlock significant value from their properties.

Maryland's commercial real estate (CRE) sector is facing a pivotal moment with the impending implementation of Building Energy Performance Standards (BEPS). As compliance deadlines loom, CRE owners and managers must proactively address the challenges and opportunities presented by the proposed regulations to ensure their properties are well-prepared for the future.

Colorado's Regulation 28, enacted last year, has sparked concerns among building owners and property managers as compliance deadlines draw near. With around 8,000 buildings falling under its scope, including commercial, multifamily, and public structures of 50,000 square feet or more, the pressure is on to meet stringent emissions reduction targets.

On October 24, 2023, the New York City Department of Buildings (DOB) held a virtual, public hearing to discuss proposed amendments to the non-compliance rules associated with Local Law 97. There’s a growing debate about the impacts of these ‘good faith efforts.’