Being green is an attribute that Boston landlords aspire to achieve, and do so at a national-leading rate.
From the BBJ:
Massachusetts had 136 properties spanning 24.4 million square feet achieve LEED certification last year. That represented 3.73 square feet of certified space per resident — the highest rate of any other state in the U.S….The ranking comes at a time of both significant deal-making activity in the region’s real estate capital markets industry and during one of the largest building booms in the city’s history.
“Sometimes what will happen is a broker tells an owner: ‘I can’t show this property because buyers only want LEED-certified properties,’” Lee said. “They’re using LEED as a mechanism to give their brokers a little extra ammunition in the marketplace. … LEED is a global brand, and people recognize it as a third-party accountability structure that helps all parties get their game to a better level. It’s part of what capital markets are looking for: how do you distinguish one asset from another?”
What does LEED mean? From Wikipedia:
Leadership in Energy and Environmental Design (LEED) is one of the most popular green building certification programs used worldwide. Developed by the non-profit U.S. Green Building Council (USGBC) it includes a set of rating systems for the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods that aims to help building owners and operators be environmentally responsible and use resources efficiently.