Installation of sub-meters in certain tenant spaces.

A Local Law to amend the administrative code of the city of New York, in relation to the installation of sub-meters in certain tenant spaces

Currently, by January 1, 2025, owners of building 50,000 gross square feet or larger are required to have installed electrical sub-meters in all tenant spaces which are 10,000 gross square feet or larger (other than dwelling units). The proposed bill would expand the requirements to owners of buildings 25,000 gross square feet or larger and to tenant spaces (other than dwelling units) 5,000 gross square feet or larger.