In 2009, a comprehensive energy-efficiency retrofit was initiated at the landmark building to reduce costs, increase real estate value, and provide environmental benefit. In 2011, the Empire State Building beat its year-one energy-efficiency guarantee by 5 percent, saving $2.4 million. In year two, the property surpassed its energy-efficiency guarantee by nearly 4 percent.
“The Empire State Building retrofit project is two-for-two, dramatically exceeding projected energy savings for the second straight year and reducing costs by millions of dollars,” said Anthony E. Malkin, president of Malkin Holdings, owner of the Empire State Building. “This effort clearly demonstrates the sustainability leadership of ‘The World’s Most Famous Office Building’ and that integrating energy efficiency into building upgrades can significantly enhance the value of any real estate asset while also protecting the environment.”