CoStar Vice President of Analytics Norm Miller found that LEED-certified office buildings command a $2.05 per square foot rental premium over all office buildings (multi-tenant, built since 1995.) What about in this economy? Prior to the recession, LEED-certified buildings enjoyed noticeably faster lease-up times and lower vacancy rates in addition to commanding higher rental premiums [...]
We told you this was coming, H-towners. The city of Houston announced a new initiative called the Green Office Challenge with the goal of getting property owners and managers across the city to reduce their energy consumption, water use and waste, as well as encourage more office tenants to do things like recycle, car pool [...]
In the September issue of Houston Construction News, Green Squared was asked a myriad of questions about green building trends. Here are some of the highlights: + The City of Houston itself uses almost 500 million kilowatt hours of green power annually, which accounts for a third of all its consumption. + Green is not [...]
I’m a big believer in the theory that “what gets measured, gets done.” It is a corollary to the management practice of “what gets bonus-ed, gets done.” As we mentioned last week here, there are already 1.7 million smart meters deployed in Texas, and 6 million will be deployed by 2013. This article from the [...]
According to this Enviromental Leader article, four Fairmont hotels in Canada are saving over $800,000 annually though several projects that include solar, hydro, and wind energy, a lighting retrofit and heat recovery that will cost between $15,000 to $500,000 – the payback time is between two to five years. Here’s a quick run-down of several [...]
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