BXP is the largest publicly traded developer, owner, and manager of premier workplaces in the U.S., with a portfolio concentrated in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C. The company is a leader in high-performance office, life sciences, and mixed- use properties, with a strong commitment to sustainability and operational excellence. Its portfolio includes 53 million square feet, comprising 185 properties and a 2.7 million-square-foot development pipeline.
BXP is recognized for its leadership in sustainability, operational excellence, and tenant experience. Sustainability is embedded in every aspect of its operations, from asset management to energy efficiency, water conservation, emissions reductions, and waste management, positioning its properties as high-performing assets in competitive markets.
As a pioneer in setting ambitious environmental goals, BXP was among the first North American companies to establish a 1.5° science-based target and commit to carbon-neutral operations by 2025. This success is underpinned by its long-term ownership model, which allows for direct management of properties and ensures the seamless implementation of sustainability initiatives. Through detailed asset-by-asset analysis and close collaboration with property teams, BXP effectively translates its bold targets into tangible, measurable outcomes.
Challenge
In 2012, BXP set out to gain better visibility and control over energy use across its portfolio. The company needed to centralize data from diverse utility sources, identify operational inefficiencies, and support onsite teams with the tools and expertise required to reduce consumption—while staying ahead of evolving building performance standards (BPS).
Solution
A strategic shift to prioritize data more than a decade ago continues to fuel BXP’s success. Investments in real-time energy monitoring, pulse metering, and platforms like Measurabl and EnerNOC have transformed how the company tracks performance, reduces emissions, and maintains compliance.
Since 2011, BXP has built a robust monitoring infrastructure in partnership with EnerNOC and Measurabl, deploying 308 commodity meters across 107 sites. With this system in place, BXP uses interval data, automated alerts, and energy-saving recommendations to fine-tune facility operations—adjusting BMS programming, verifying nighttime and holiday schedules, managing peak load events, and optimizing equipment runtime.
Through Measurabl Optimize, BXP integrates real-time data with actionable insights. The platform automatically flags inefficiencies, identifies conservation opportunities, and delivers weather-adjusted benchmarking reports. Building teams act on these insights with support from Measurabl’s in-house engineering experts to ensure scalable improvements.
Optimize has become a foundational component of BXP’s energy strategy—powering daily decisions around BMS programming, load shedding protocols, and demand response events across more than 100 sites.
Results
Across the portfolio, 205 BXP employees log in monthly, while an average of 70 employees log in daily. Using interval data to optimize energy performance, BXP has implemented more than 18 million kWh in automatically generated energy savings measures from 2017 through 2024, resulting in approximately $2.2 million in cumulative avoided annual energy expenses. These investments also provide a competitive edge in adapting to market shifts.
In 2023, BXP used more than 1,500 weather-adjusted energy reports to benchmark building performance and respond to post-pandemic occupancy trends.Interval data has played a critical role in demand response events, generating $5.3 million in payments over six years, demonstrating the financial value of advanced energy management.
Across its portfolio, BXP has implemented various energy conservation measures, resulting in over $50 million in cumulative avoided energy expenses. These initiatives help control energy costs, strengthen client engagement on sustainability, and position BXP to avoid regulatory fines in cities with stringent mandates. By aligning sustainability with business performance, BXP is future-proofing its portfolio against evolving market and regulatory demands.
“Sustainability is a defining characteristic of our premier workplaces. Management of energy in real-time reveals patterns and actionable savings opportunities. Resource conservation, which increasingly matters to our clients and community stakeholders, when executed thoughtfully is good for the bottom line and helps to protect asset value over the long term.” — Ben Myers, SVP, Sustainability, BXP
Weston Corporate Center: $16,000 in Avoided Costs
In February 2024, Measurabl Optimize identified an issue at Weston Corporate Center in Boston, MA related to the property’s Building Automation System (BAS) schedules. The building had been operating under incorrect exception schedules, resulting in unnecessary energy use.
With the help of Optimize, the building team implemented recommended corrections by deleting the exception schedules. Since then, no reoccurrences have been detected—and the fix has resulted in $16,000 in verified energy savings.
Looking to the Future
BXP’s leadership in sustainability continues to evolve, with a focus on integrating artificial intelligence (AI) for enhanced decision-making. With nine cross-functional AI cohort groups, BXP is positioned to leverage emerging technologies to accelerate its carbon-neutral commitment by 2025. By combining data-driven insights, a long-term ownership model, and a collaborative culture, BXP demonstrates that sustainability and financial success go hand in hand.
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