Is there a current market for leasing "Green Space"?

In Leasing Property - Asked by Janie G. - Mar 3, 2009
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Juan G.
Broker/Agent
Ontario, CA

I hope I am understanding what you meant, you did mean offices built with environmentally sound practices and materials, right?
I have seen this more so with smaller businesses as opposed to bigger businesses. Small business owners can appreciate the benefits and hence prioritize your space over others, in contrast most larger businesses dont care enough about their employees, customers, or the environment to seek these locations, and priority will follow their bottomline. The only big businesses that will seek these spaces are those whose customers do (ie. REI).
If you are considering building, you should aim to get LEED certification regardless of their being tenants looking for it, as it benefits you regardless. Green offices and shops will grow in popularity and its best for you to be ahead of the curve now.
Another thing to remember is that not many know of this option, so not many are looking for it, but I have always had a positive response once I inform the clients of the benefits. Just make sure to point it out in the marketing and make sure your leasing agent is competent enough to give brief info on the benefits. Your LEED consultant should have a meeting with the marketing team to best integrate and present the info.

Mar 3, 2009
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Peter C.
Tenant
Durham, NC

As a small business owner, I am EXTREMELY interested in "green" industrial/commercial spaces. While my business is extremely green, I see no reason why the run of the mill business venture would not be interested in a store-front that is built with sound, sustainable practices. This would be just one more way of differentiating you from the competition. I would happily pay a slight premium to be able to advertise that my facilities are environmentally-friendly. In short, I see a strong market for such facilities, whether or not the clientele is environmentally conscious.

Mar 6, 2009
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Juan G.
Broker/Agent
Ontario, CA

Im glad to hear some tenants are actually aware of green spaces.
Basically why would you not build green? it just makes sense, both for the environment, the health of your tenants, and your bottomline. Non-green buildings will be deemed almost obsolete in a number of years, so you might as well get ahead of the curve.

Mar 9, 2009
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