0 Green Office Space: How Much of a Consideration is it for You?

office space interior at 75 state street in Boston

Photo Credit: Boston.com

How important is reducing your carbon footprint when you are searching for new office space?  This question does not come up with all clients that are looking for space, but I would say that most care.  Being that they care doesn’t mean they would like to spend more for it; they would be most interested when their green efforts could also reduce the cost to run the building. For example, lower HVAC costs result from better insulation and more efficient building systems.

What is LEED? LEED, or Leadership in Energy & Environmental Design, is transforming the way we think about how our buildings and communities are designed, constructed, maintained and operated across the globe. Comprehensive and flexible, LEED is a green building tool that addresses the entire building lifecycle recognizing best-in-class building strategies.

Landlords use LEED Certification to differentiate themselves amongst their peers. Some claim to be the first LEED Gold certification while others claim the most improved say from Silver to Platinum. Massachusetts currently ranks 4th amongst all states with 106 projects certified in 2012 or 13,395,597 square feet.

Boston.com recently noted Grant Thornton’s green considerations in its relocation to the Financial District, “Another benefit of the new office: It is designed to help reduce the firm’s carbon footprint…All workspaces have access to natural light as well as to modern conference and team rooms.”

0 Boston Waterfront Real Estate Booming

building at 200 Seaport Boulevard in Boston's waterfront

World Trade Center Boston, 200 Seaport Blvd.

Well, call it what you’d like: Seaport/Innovation/Fort Point; the reality is the area has blossomed for a myriad companies. Since the sale of the Boston Wharf portfolio we have seen a steady influx of capital to renovate old, tired buildings that had roof leaks, failing windows, and inoperable elevators. The addition of the Turnpike exit and the convention center has added to the core infrastructure that’s helping to accommodate the demand for office space and housing. In the past 30 months, rents in Class B buildings have increased from the upper $20’s to the low $40’s PSF.

Banker & Tradesman recently explored the roots, and validity, of the waterfront’s building ‘boom’:

“with Menino riding into the sunset, it’s high time to find out whether the so-called waterfront building boom is real or instead government-driven at the behest of one of the nation’s most powerful big city mayors.”

B&T’s complete article is available here