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 [...]
A new report out by Deloitte on Sustainability has some very interesting nuggets about sustainability in general. One caveat: the survey was of only 48 people who are in charge of sustainability for their companies. I think that sample size is too small. And, given these folks’ role in the organization, I am afraid their [...]
I love these types of stories…Tishman Speyer turned your average 23-year old downtown Manhattan office building into a LEED Gold building by doing nothing out of the ordinary. That’s right, no wind turbines, solar panels, or geothermal digs. David Roth of gbNYC (Green Building in NYC) nails it with “What happened at 375 Hudson is [...]
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