Dramatically increasing the building's value
Over a three-year period, during the COVID pandemic, inginir's tenant-focused benefits helped the owners and brokers increase the building's occupancy from 65% to 95% and maintain rents.
Although local utility rates increased by 20% and occupancy increased by nearly half, inginir reduced energy cost by $120,000 in the first year, then held the building's energy consumption steady.
The result was a 2.2x increase in Net Operating Income. In three years, the building's value increased from $10,000,000 to $22,000,000.
2.2xNOI increase
+$12MProperty value in three years
−$120KEnergy cost, year one