How Does Local Law 84 Benchmarking Impact Property Values?

In an era of increasing environmental awareness and regulatory oversight, energy efficiency has become a critical factor in real estate. One such regulation that significantly influences New York City’s property market is Local Law 84 Benchmarking. Introduced under the Greener, Greater Buildings Plan (GGBP), Local Law 84 requires owners of large buildings to annually measure and report energy and water consumption.

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