Measurabl's Peer Benchmark allows you to measure your real estate portfolio and individual buildings' performance against others within our database. This helps you get an idea of how well your sites are performing in relation to their peers. Follow the guide below to learn how it works!
How is my Peer Benchmark calculated?
Measurabl compares your sites against all of the sites in our database, then applies weighting to the site to calculate a score based on different factors.
Therefore, the peer group cohort is ALL buildings within Measurabl, and the model used for scoring the building is heavily weighted by the below factors:
- Property Type
- Age (Year Built)
The benchmark represents the percentage of peers your site outperforms. For example, a site with a score of "75" is more efficient than 75% of sites like it—that is, in the top 25%.
Where can I find my Peer Benchmark on the portfolio-level?
As a portfolio manager or member, you may track your portfolio's peer benchmark. This provides a high-level view of how all of the sites in your portfolio are performing against those within our database, then rolled up together to give the portfolio a score. To access the portfolio Peer Benchmark, navigate to your 'Portfolio Overview' tab and view the Peer Benchmark card. You can scroll within the card to view each use type's Peer Benchmark (electric, fuel, water, waste).
Where can I find my Peer Benchmark on the site-level?
To find your site's Peer Benchmark, navigate to the site. Go to the 'Site Overview' tab, then next to the site's name, you will see the Peer Benchmark score in the green circle. If your site is synced with ENERGY STAR, you will see the ENERGY STAR score in the blue circle next to it. If you do not see a score there, but think your site should have a Peer Benchmark score, refer below.
What is being compared to get to a score?
Expected Usage: Our model looks at a site’s characteristics (per above) and tells us an expected usage.
We then compare the actual building metrics to the expected usage, and the score comes out as follows:
- If actual and expected are equal, you earn a 50%
- If actual is better than expected, you earn above 50% (above average)
- If actual is worse than expected, you earn below 50% (below average)
How do we weight the Electric, Fuel, Waste, and Carbon scores to get one overall score?
This weighting is based on BREEAM’s scoring methodology from 2016
Why is the Carbon score going to be different sometimes than the Electric and Fuel scores when they’re dependent?
While the expected usage is NOT impacted by location, Carbon emissions and the factors we use to determine them are impacted by location. E-grid factors vary based on the energy type (nat gas vs. diesel) and what type of grid the electricity comes from (coal-powered, renewable, nuclear). So maybe the site has low electric usage compared to what’s expected (high Electric score), but they’re located in a region with a “dirty” grid, so their carbon score will be lower to reflect that.
Are all sites benchmarked?
No. Here are some reasons why your site may not have a score:
- Not Enough Data: 12 months of consecutive utility data is required.
- Undefined Property Type: If we can't say for sure what use(s) occurs within the site, we won't benchmark it. Since use drives so many factors related to utility consumption, we need that information to accurately benchmark your site.
- Too Small: Sites and subspaces less than 100 square feet are not scored. Neither Measurabl nor its subscribers are in the closet business!
Why does my Peer Benchmark differ from my ENERGY STAR® score?
Measurabl and ENERGY STAR® use different databases. ENERGY STAR® uses the Commercial Buildings Energy Consumption Survey (CBECS) 2012 data that pulls from a representative sampling of commercial real estate in the US. However, Measurabl uses its own database comprised of 6BN square feet of real estate in more than 70 countries to create its benchmark. Our database is dynamic and highly granular—your benchmark is based on all of the sites within the database as opposed to a sampling of site performance that is then extrapolated.
Why did my benchmark change?
Your benchmark may fluctuate as we learn more about your site's performance over time, and as new peer sites join our database. With more data from you and your peers, we're able to accurately compare your site's performance as it changes in absolute terms (e.g. your site's consumption), and relative to others.
How often can my benchmark change?
Our database is updated daily so your benchmark can change just as quickly. Your benchmark represents your true performance at that moment in time.
Can I see my site's historical performance?
Yes, historical performance is visible on your Portfolio Trends page. Just select "Peer Benchmark" from the options in the dropdown.
What does this benchmark do for me?
Use the benchmark to prove sustainability performance to prospective buyers or tenants. Sort sites based on their individual performance to identify high and low performers. Use our analytics to understand what's driving site performance and take necessary action to improve. Your benchmark has many uses.
How do I identify my top and bottom performers within my portfolio?
You can determine your top and bottom performers by exporting the Portfolio Sustainability Report on the 'Portfolio Overview' tab. Navigate to this guide to learn more!
Contact our support team if you'd like help understanding or applying your benchmark!