Do you remember hearing a great deal about the green building movement at one point, then news of it began to fade? One way to get insight on the movement is to take a look at the green office space.
According to a study conducted by CoStar…
the percentage of rentable building area (RBA) in LEED-certified office space grew stronglyB from 2006 to 2009 in properties 50,000 sq. ft. and greater, and in 2009 nearly 50 percent of the total RBA delivered qualified as LEED-certified.
When compared with other 50,000-sq.-ftB buildings LEED office spaceb s percentage of total absorption has been consistently higher which suggests that they are filling up faster than spaces in non-LEED-certified buildings.
Given the increase in tenants choosing to occupy LEED certified spaces Anthony Guma, a research director for CoStar Group in Washington, D.C., stated that “office investors and developers should take note: Based on recent absorption trends, buildings lacking LEED certification could see occupancies suffer if tenants decide to move on to greener spaces.”
To read more on tenants leaning toward LEED office spaces read the entire article from National Real Estate Investor.
Source: B National Real Estate Investor
Tags: CRE office market, Miami office property, South Florida commercial real estate, South Florida commercial real estate services
