by Gabe Hanson / Weber Thompson Architects
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Reporting to the City & Requests for Disclosure
Building owners are required to benchmark their properties and authorize the City of Seattle to download annual energy performance data for each building. In April of each year, the City will download and store data for all buildings for which it has been authorized. This data will be a subset of the information about each building as contained in Portfolio Manager, including the following fields:
Information in Portfolio Manager about the operating characteristics of a building, such as weekly operating hours or number of employees, will NOT be reported to the City or made publicly available.
Will the building’s energy data be made public?
Upon request, building owners are required to release building energy performance information to any current or prospective tenant, buyer, or lender involved with a real estate transaction, a lease, or an application for financing or refinancing of the building.
After the building is benchmarked in Portfolio Manager a building owner can respond to an energy disclosure request by providing a copy of the Statement of Energy Performance (SEP). The SEP (for uses other than applying for the ENERGY STAR) is one-page summary of energy performance which can be created through Portfolio Manager. For the purposes of disclosure, a SEP showing the building's performance ending in December of the prior year is sufficient. For example, if your building is in compliance with the ordinance as of the April 1, 2013 deadline, a SEP showing the building’s December 2012 performance should be provided.
Disclosure creates an informed market with the ability to compare energy use (and future operating costs) between similar properties, and use this information to guide purchasing, leasing and financing decisions. More energy-efficient buildings cost less to operate, and have higher net operating incomes (NOI), greater asset values, and better tenant retention and acquisition. Read about some proven results in Seattle.
Building owners are required to provide an SEP, upon request, to:
Lending institutions can request a disclosure report while processing any transaction involving the sale or lease of an entire building or of a separately owned portion of a building (e.g. a condominium unit). A disclosure report can also be requested in conjunction with financing of other activities, such as tenant improvements or a major renovation.
The energy disclosure report should be based on data from the twelve consecutive months of the previous calendar year. It must be provided to the requesting party by the building owner or their representative, who can use this opportunity to explain the results in the report, and share any background information that is relevant to the building’s performance. The City of Seattle will not be providing energy disclosure reports.
Failure to respond to an energy disclosure report request is subject to enforcement.
Buildings subject to energy disclosure: As of April 1, 2013 owners of commercial and multifamily buildings greater than 20,000 SF must disclose their building's energy performance on request.
The following parties may request an Energy Disclosure Report from owners or their representative of buildings that are subject to disclosure:
This information is found in the building’s Statement of Energy Performance, which is created from the EPA benchmarking tool, Portfolio Manager. This knowledge helps qualified parties take actual energy costs into account when buying or renting property and can be a powerful negotiating tool.
Please review Responding to a Request for and Energy Disclosure Report to understand what the building owner should provide.
Failure to disclose energy information is subject to enforcement. If a request for disclosure from a building owner has not been responsed to, please contact:
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