Energy management for Grocery-Anchored Shopping Centers and Open-Air Neighborhood Retail Centers

Increase NOI With Retail Submetering

 

Most retail centers recover only 70% of the utility costs they're entitled to. Submetering converts unrecovered utility expense into consistent cash flow, higher asset value, and measurable NOI.

Retail shopping center and utility costs and energy data submetering

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  • Ashkenazy Acquisition Corporation, private real estate investment firm
  • Union Station Logo
  • Bayside Marketplace Logo
  • Harborplace Logo
  • The Port Authority Logo
  • JLL Logo
  • CBRE Logo
  • Ashkenazy Acquisition Corporation, private real estate investment firm
  • Union Station Logo
  • Bayside Marketplace Logo
  • Harborplace Logo
  • The Port Authority Logo
  • JLL Logo
  • CBRE Logo
  • Ashkenazy Acquisition Corporation, private real estate investment firm

Why Retail Utility Cost Recovery Typically Falls Short

Retail centers are often under-instrumented when it comes to utility tracking. The result is that tenant utility costs (usually domestic water and electricity) bleed into the common area maintenance (CAM) line item instead of being charged directly to the tenant.

This approach whittles away utility recovery and asset value in predictable ways:

  • Shared meters blur tenant responsibility.
  • Estimates create disputes and write-offs.
  • Recovery time takes months to years for true-up.
  • Site managers lose time defending numbers instead of collecting payment.

The result: Up to 30 cents of every utility dollar never gets billed – and never gets paid.

How Retail Submetering Improves Cost Recovery and NOI

Submetering replaces estimates and end-of-year true-ups with measured usage—unlocking measurable financial benefits in five key areas:

Direct NOI impact by reducing your largest prop. expense

Consistent revenue from unblending expenses

Self-funding: Fast ROI and minimal investment

Portfolio leverage from better refinancing terms

Greater investor appeal through improved cash flow

How Submetering Translates Into Higher Asset Value

 

Even modest gains in utility recovery can create significant property value and attractive investment returns.

For example, a $20,000 increase in NOI can translate into approximately $400,000 in asset value at a 5% cap rate, while retail centers typically see returns averaging 14% after capital investment.

It was basement space doing nothing. But once we started submetering, that space converted to income, incremental revenue, and value.

Why Leading Retail Portfolios Partner With utiliVisor

 

Easy Onboarding

Getting started involves answering some questions and sharing your tenant leases with us.

Our expert rate analysts take care of the rest, leaving your accountants and property managers more time for tasks that increase tenant satisfaction. 

Cleaner Collections, Stronger Support

We take billing accuracy and client support seriously. Our clients report that we save them 8–100 hours per month in staff verification and tenant disputes. 

Our accurate billing packages are just the beginning. Our 96% client retention rate is a testament to the quality of support we give all our clients.

All Accounting Platforms, All Equipment Types

Directly export to Yardi, MRI, Cleartrace, and Willow. API's built for you at no extra charge.

Concerned about integrations? utiliVisor is tech-agnostic. We've been submetering & billing since 1978, so we integrate with just about every meter and equipment manufacturer out there.

All Utility Types

 

  • Electric
  • Water
  • Gas
  • VRF/VRV
  • BTU
  • Steam

 

Frequently Asked Questions About Retail Submetering

Request a FREE Utility Cost Recovery Audit

 

Curious how much value you could build with submetering?

The fastest way to understand your opportunity is to evaluate your specific assets.

 

Here’s our offer:

  1. Contact us about your interest in a utility cost recovery audit. 👉
  2. Together, we'll discuss how to identify your best recovery opportunities.
  3. We’ll give you an estimate of revenue recovery to share with senior leadership.

 

See Your Recovery Opportunity

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