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Sustainability

Office towers feel pressure to LEED

March 17, 2010
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MIAMI — Traditional office towers facing declining rental rates and competition from newer, greener buildings are feeling pressured to seek Leadership in Energy and Environmental Design for Existing Buildings (LEED-EB) certification, according to GlobeSt.com.

According to the story, building owners fear that they may lose out on high-profile corporate tenants, many of which are moving to implement sustainability practices into their company culture and are looking for office space that shares those goals.
Don Cartwright, leasing director for the LEED Gold certified Wachovia Financial Center in downtown Miami, said: "How important that stacks up remains to be seen, but if you can answer to the affirmative that your building is certified green, it''s an important box for them to check. We are absolutely in the heat of battle when it comes to new leases and renewals."
Brian Gale, managing director of the leasing agent for the LEED-EB Gold certified 355 Alhambra building, said: "Any new building is going to be built to LEED standards, so it is important to be able to compete with those buildings."
Building owners and rental agencies also say that with the increase of legislation requiring sustainable building and maintenance practices, they are achieving what may eventually be required by law, the story added.
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