{"id":1004211651,"date":"2010-04-28T00:00:00","date_gmt":"2010-04-28T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/will-tenant-demand-spur-leed-eb-building-certification-2\/1004211651.html"},"modified":"2022-12-03T22:57:07","modified_gmt":"2022-12-04T06:57:07","slug":"will-tenant-demand-spur-leed-eb-building-certification-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/","title":{"rendered":"Will Tenant Demand Spur LEED EB Building Certification?"},"content":{"rendered":"

Sustainability, much like global warming to the scientist, is a word that has now become part of every Property Manager\u2019s vocabulary. Having witnessed this evolution first hand, one must applaud the U.S. Green Building Counsel (USGBC) in how well they have been able to sell the greening of commercial office buildings. Survey any property manager and ask if they believe that they must be sustainable to be successful in their career, they will overwhelmingly all answer \u201cyes!\u201d because they must. Why is this?<\/p>\n

America is a capitalistic society with property value predicated on supply and demand. With this in mind, what exactly is the supply of LEED EB certified buildings? And how many square feet of commercial space in Manhattan is LEED EB Certified? By last count, only twelve (12) commercial properties in all of Manhattan were LEED EB Certified which total a little under 13 Million square feet. In comparison, there is somewhere in the neighborhood of 400 Million square feet of office space in Manhattan.<\/p>\n

Therefore, the percentage of LEED EB certified space is about 3%. Has this certification increased their property value? Are tenants demanding that they occupy space within a LEED Certified Building? By my count, I have counted almost 100 commercial office buildings registered for LEED EB. These property owners\/managers, myself included, are making a bet that prospective tenants will eventually request from their brokers, much like what is starting to happen on the west coast, that they reside within a LEED EB certified building. Is this assumption correct or will New York City buck the trend and supply far outweigh demand? What do you think?<\/p>\n

Jack Terranova, PE, LEED AP, RPA
\nDirector of Operations
\nCassidy Turley New York
\n212-318-9734<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sustainability, much like global warming to the scientist, is a word that has now become part of every Property Manager\u2019s vocabulary. Having witnessed this evolution first hand, one must applaud the U.S. Green Building Counsel (USGBC) in how well they have been able to sell the greening of commercial office buildings. Survey any property manager…<\/p>\n","protected":false},"author":757,"featured_media":1004506324,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nWill Tenant Demand Spur LEED EB Building Certification? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Tenant Demand Spur LEED EB Building Certification?\" \/>\n<meta property=\"og:description\" content=\"Sustainability, much like global warming to the scientist, is a word that has now become part of every Property Manager\u2019s vocabulary. Having witnessed this evolution first hand, one must applaud the U.S. Green Building Counsel (USGBC) in how well they have been able to sell the greening of commercial office buildings. Survey any property manager…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-28T08:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T06:57:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3072\" \/>\n\t<meta property=\"og:image:height\" content=\"2304\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\"},\"headline\":\"Will Tenant Demand Spur LEED EB Building Certification?\",\"datePublished\":\"2010-04-28T08:00:00+00:00\",\"dateModified\":\"2022-12-04T06:57:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/\"},\"wordCount\":292,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Jack-Terranova-PIC-12.22.082.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/\",\"name\":\"Will Tenant Demand Spur LEED EB Building Certification? - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Jack-Terranova-PIC-12.22.082.jpg\",\"datePublished\":\"2010-04-28T08:00:00+00:00\",\"dateModified\":\"2022-12-04T06:57:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Jack-Terranova-PIC-12.22.082.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Jack-Terranova-PIC-12.22.082.jpg\",\"width\":3072,\"height\":2304},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/will-tenant-demand-spur-leed-eb-building-certification-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will Tenant Demand Spur LEED EB Building Certification?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and research analyst for RentCafe. With more than 14 years of experience in the real estate industry, she covers a variety of topics in the apartment market, including rental competitiveness, new construction and other industry trends. Her work has been featured in top publications like The New York Times, The Washington Post, The Wall Street Journal, The Philadelphia Inquirer, The Miami Herald, CNN, CNBC, and more. Prior to RentCafe, Veronica was involved in producing real estate content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. She holds a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/veronicagrecu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Will Tenant Demand Spur LEED EB Building Certification? - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/","og_locale":"en_US","og_type":"article","og_title":"Will Tenant Demand Spur LEED EB Building Certification?","og_description":"Sustainability, much like global warming to the scientist, is a word that has now become part of every Property Manager\u2019s vocabulary. Having witnessed this evolution first hand, one must applaud the U.S. Green Building Counsel (USGBC) in how well they have been able to sell the greening of commercial office buildings. Survey any property manager…","og_url":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2010-04-28T08:00:00+00:00","article_modified_time":"2022-12-04T06:57:07+00:00","og_image":[{"width":3072,"height":2304,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg","type":"image\/jpeg"}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/"},"author":{"name":"Veronica Grecu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/159949bd3f979917cc7bf081d749b862"},"headline":"Will Tenant Demand Spur LEED EB Building Certification?","datePublished":"2010-04-28T08:00:00+00:00","dateModified":"2022-12-04T06:57:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/"},"wordCount":292,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/","url":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/","name":"Will Tenant Demand Spur LEED EB Building Certification? - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg","datePublished":"2010-04-28T08:00:00+00:00","dateModified":"2022-12-04T06:57:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/159949bd3f979917cc7bf081d749b862"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg","width":3072,"height":2304},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/will-tenant-demand-spur-leed-eb-building-certification-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Will Tenant Demand Spur LEED EB Building Certification?"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/159949bd3f979917cc7bf081d749b862","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and research analyst for RentCafe. With more than 14 years of experience in the real estate industry, she covers a variety of topics in the apartment market, including rental competitiveness, new construction and other industry trends. Her work has been featured in top publications like The New York Times, The Washington Post, The Wall Street Journal, The Philadelphia Inquirer, The Miami Herald, CNN, CNBC, and more. Prior to RentCafe, Veronica was involved in producing real estate content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. She holds a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","url":"https:\/\/www.commercialsearch.com\/news\/author\/veronicagrecu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Jack-Terranova-PIC-12.22.082.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/757"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004211651"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211651\/revisions"}],"predecessor-version":[{"id":1004212989,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211651\/revisions\/1004212989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506324"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004211651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004211651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004211651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}