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Energy Consumption

COST SAVINGS WITH LED LIGHTING

COST SAVINGS WITH LED LIGHTING
DID YOU KNOW?

LED lighting is up to 80% more efficient than traditional lighting such as fluorescent and incandescent lights?  95% of the energy in LEDs is converted into light and only 5% is wasted as heat.  Compared that to fluorescent lights which convert 95% of energy to heat and only 5% into light! LED lights also draw much less power than traditional lighting; a typical 84-watt fluorescent can be replaced by a 36-watt LED to give the same level of light.  Less energy use reduces the demand from power plants and decreases greenhouse gas emissions.  See photo on the right for a side by side comparison.
CODES & CITY REQUIREMENTS
It is important to know the exterior lighting codes and requirements in your city.  Cities that realize the importance of this simple step to energy savings are being proactive by outlining specifics on what can be used.  Color and output/brightness are two of the biggest factors.
City of Bloomington Requirements:  https://www.bloomingtonmn.gov/sites/default/files/52u_exterior_light.pdf
CONSIDER ALL THE FACTORS
Do we need to replace the entire fixture or just the “bulb”?  There are many companies out there that will provide you with a free lighting audit showing you the big savings of re-lamping fixtures and all.  Make sure you are considering ALL the factors:

Do we have the correct existing fixtures/watts?
Are the usage hours correct/close to your actual facilities hours?
Can you retrofit your current fixtures?

Plug and Play Ballasted LED – swaps out existing linear fluorescent T8 or T5 LED tubes.
Direct Wire LED Tubes– no ballast maintenance needed.
Plug and Play Ballast Bypass – Upgrade by simply changing out the lamp.  No electrician cost for the rewiring of the fixture.  No voltage issues at the socket, and reduced overall maintenance.

There’s a lot to consider before changing out lighting.  Make sure you spend the time finding the right fit for your facility.  Some cities may require consumers to re-lamp outdoor fixtures to LED over the next few years.  To the contrary, it may be surprising to hear that some cities, Excelsior, for example, prohibits them.  With the reduction in energy it seems irresponsible not to consider moving to LED.
 
For More Information About
Property Management, Contact:
Lisa Borene | Vice President
Property Management Division
(952) 746-1897
lborene@paramountre.com

WHY OPERATING EXPENSES VARY FROM PROPERTY TO PROPERTY?

Why Operating Expenses

WHY OPERATING EXPENSES VARY FROM PROPERTY TO PROPERTY?
Have you ever wondered why operating expenses vary from property to property?  Energy consumption, service levels and service contracts can vary greatly so it is advisable to secure the details prior to lease execution.
Expenses May Vary
Paramount has been involved in several recent office lease transactions.  Many, highlight the need for a close review of the property’s operating budget.  Some “full service” leases may include daily cleaning, vacuuming, replacing light bulbs and cleaning your breakroom.  And then others may not include these services at all or the services may be on a more limited basis.
Avoid Surprises
Most property owners reserve the right to change rules and regulations and janitorial specs.  It’s a good practice for your representative to take the time to request the budget and janitorial specifications.  Once you have the detailed information you will be better able to compare properties.  After settling on your most desirable property, a close review of the associated lease language is advisable.  Although, this may uncover conflicts or missing details that might surprise you during your term.  As an example, say your employees prefer to eat lunch in your office suite.  As a result, this practice most likely makes it imperative that janitorial specifications would include daily trash service.  No one wants to smell that reheated salmon the first time let alone the rest of the week!
Knowing the service level upfront will allow you the opportunity to verify the details are incorporated into the final lease.  After all, operating expenses and real estate taxes can be 50% or more of your overall rent and you should only be paying for services you receive.
Need Real Estate Advice.  Call Paramount.
TRUSTED.  DEDICATED.  EXPERIENCED.
(952) 854-8290
Or reach out to one of our Trusted Agents:
Office Agents: Nancy Powell, Vice President | Jeffrey Swanson, Associate
Industrial Agents: Fred Hedberg, CCIM, SIOR, Principal | Phil Simonet, Principal | John Young, CCIM, Vice President | Joseph Schultz, Associate | Jack Buttenhoff, Associate