{"id":1004547936,"date":"2021-08-20T03:02:55","date_gmt":"2021-08-20T11:02:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004547936"},"modified":"2022-12-08T07:33:17","modified_gmt":"2022-12-08T15:33:17","slug":"how-much-does-sustainability-matter-in-cre-transactions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/","title":{"rendered":"How Much Does Sustainability Matter in CRE Transactions?"},"content":{"rendered":"<p>How much does sustainability factor into real estate deal making?<\/p>\n<div id=\"attachment_1004547974\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Lawrence-Yun.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004547974\" data-attachment-id=\"1004547974\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/lawrence-yun\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Lawrence-Yun.jpg\" data-orig-size=\"693,519\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Lawrence Yun\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Lawrence Yun, Ph.D., Chief Economist &#038; Senior Vice President, National Association of Realtors. Image courtesy of National Association of Realtors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Lawrence-Yun.jpg?w=693\" class=\"wp-image-1004547974 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Lawrence-Yun.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Lawrence-Yun.jpg 693w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Lawrence-Yun.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004547974\" class=\"wp-caption-text\">Lawrence Yun, Ph.D., Chief Economist &amp; Senior Vice President, National Association of Realtors. Image courtesy of National Association of Realtors<\/p><\/div>\n<p>The National Association of Realtors surveyed its members on the topic and found 18 percent of respondents&#8217; Commercial Information Exchange has green data fields, and that these data fields were used to promote energy information, green features and green certifications. To put that in perspective, 33 percent don\u2019t have them, and 49 percent didn\u2019t know. (This is one of several areas where \u201cdon\u2019t know\u201d was a frequent answer).<\/p>\n<p>More than one-third (37 percent) of brokerage firms have experience working with commercial building repurposing, such as converting empty malls into technical schools.<\/p>\n<p>A solid majority of agents and brokers (69 percent) said energy efficiency promotion in listings is very or somewhat valuable.<\/p>\n<p>According to the survey responses, green certifications don\u2019t necessarily help sell properties faster. Twenty-nine percent of buildings with green certifications, such as LEED or Green Globes, spent neither more nor less time on the market. (Sixty percent of respondents don\u2019t know).<\/p>\n<div id=\"attachment_1004547976\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004547976\" data-attachment-id=\"1004547976\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/brandi-snowden\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg\" data-orig-size=\"1036,777\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Brandi Snowden\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Brandi Snowden, Director of Member and Consumer Survey Research, National Association of Realtors. Image courtesy of National Association of Realtors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg?w=1024\" class=\"wp-image-1004547976 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg 1036w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Brandi-Snowden.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004547976\" class=\"wp-caption-text\">Brandi Snowden, Director of Member and Consumer Survey Research, National Association of Realtors. Image courtesy of National Association of Realtors<\/p><\/div>\n<p>Thirty-seven percent, however, said that buildings with green certifications had higher values, versus 32 percent who said they had no such effect (31 percent don&#8217;t know).<\/p>\n<p>Market considerations that agents and brokers said are important include improving the energy efficiency on existing buildings (49 percent), a lack of property data about building performance history (43 percent) and understanding lending options for sustainable properties (27 percent).<\/p>\n<p>Roughly one-quarter identified valuation of solar panels and understanding how they affect a transaction as a concern, and 14 percent named rising coastlines or floodplains.<\/p>\n<h2>The client side<\/h2>\n<p>Thirty-seven percent of clients are either very or somewhat interested in sustainability, and the most common client questions are related to a building\u2019s energy efficiency features or green certifications.<\/p>\n<div id=\"attachment_1004547977\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004547977\" data-attachment-id=\"1004547977\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/sidnee-holmes\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg\" data-orig-size=\"1059,794\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Sidnee Holmes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Sidnee Holmes, Research Assistant, National Association of Realtors. Image courtesy of National Association of Realtors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg?w=1024\" class=\"wp-image-1004547977 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg 1059w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Sidnee-Holmes.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004547977\" class=\"wp-caption-text\">Sidnee Holmes, Research Assistant, National Association of Realtors. Image courtesy of National Association of Realtors<\/p><\/div>\n<p>The building features the respondents believe are most important to clients include utility and operations costs, indoor air quality and efficient use of lighting, as well as windows, doors and furnishings.<\/p>\n<p>Fortunately, 57 percent of respondents said they are extremely comfortable or comfortable answering clients\u2019 questions about building performance. Twenty-one percent said that in the past 12 months, they had been involved with a property that had green features, either on the buyer or seller side.<\/p>\n<p>Thirty-nine percent of survey respondents are sales agents, and 30 percent are broker-owners.<\/p>\n<p>Read the <a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/research-reports\/realtors-and-sustainability-commercial\" target=\"_blank\" rel=\"nofollow noopener\">full report by the National Association of Realtors<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Association of Realtors asked members whether green properties sell faster.  <\/p>\n","protected":false},"author":882,"featured_media":1004492719,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21780,21808,21783,23891,21742,21786],"tags":[],"class_list":["post-1004547936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-specialties","category-featured","category-investment","category-national","category-latest","category-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Much Does Sustainability Matter in CRE Transactions? - 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\/how-much-does-sustainability-matter-in-cre-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Much Does Sustainability Matter in CRE Transactions?\" \/>\n<meta property=\"og:description\" content=\"The National Association of Realtors asked members whether green properties sell faster.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/\" \/>\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=\"2021-08-20T11:02:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:33:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Green-city.-Image-by-Gerd-Altmann-via-Pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/\",\"name\":\"How Much Does Sustainability Matter in CRE Transactions? 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Much Does Sustainability Matter in CRE Transactions? - 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\/how-much-does-sustainability-matter-in-cre-transactions\/","og_locale":"en_US","og_type":"article","og_title":"How Much Does Sustainability Matter in CRE Transactions?","og_description":"The National Association of Realtors asked members whether green properties sell faster.","og_url":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-08-20T11:02:55+00:00","article_modified_time":"2022-12-08T15:33:17+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Green-city.-Image-by-Gerd-Altmann-via-Pixabay.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/","url":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/","name":"How Much Does Sustainability Matter in CRE Transactions? - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Green-city.-Image-by-Gerd-Altmann-via-Pixabay.jpg","datePublished":"2021-08-20T11:02:55+00:00","dateModified":"2022-12-08T15:33:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/how-much-does-sustainability-matter-in-cre-transactions\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Green-city.-Image-by-Gerd-Altmann-via-Pixabay.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Green-city.-Image-by-Gerd-Altmann-via-Pixabay.jpg","width":800,"height":620,"caption":"Green city. 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Green-city.-Image-by-Gerd-Altmann-via-Pixabay.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004547936","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\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004547936"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004547936\/revisions"}],"predecessor-version":[{"id":1004548051,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004547936\/revisions\/1004548051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004492719"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004547936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004547936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004547936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}