Explore the Value of LEED Green Building in the Market Today
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The document discusses the significance of green building practices, focusing on the benefits of LEED certification and the financial value of green buildings. It presents data showing higher occupancy rates, rents, and overall property values associated with LEED-certified buildings compared to their non-certified counterparts. Furthermore, it highlights various programs and incentives aimed at promoting energy efficiency and sustainability in construction and design.
Explore the Value of LEED Green Building in the Market Today
- 1. Exploring the Value of Green Building Josh Radoff – Principal Member, Tork Green Hygiene Council
- 2. YRG sustainability consulting - education - analysis Design & Construction Business & Operations Communities Education & Training Marketing & Media
- 3. Agenda The Evolving Face of Sustainability The Role of LEED Value of Green Buildings Defining our Ideal and Capturing Value
- 10. Stanford Y2E2 Building : Boora Architects Clackamas High School : Boora Architects
- 13. Measured Energy Use vs LEED Certification Level Source: New Buildings Institute
- 15. Maintaining Your Beautiful Design
- 16. Isn’t LEED so … 2007?
- 17. Value of Green Building in Market Today
- 18. Property Characteristics of LEED-Certified, Energy Star, and Non-Certified Offices – Q1 2008 LEED-certified Non-LEED Difference Occupancy Rate 92% 88% 4% Rent /SF $42 $31 $11 Property Value /SF $438 $267 $171 Energy Star Non-Energy Star Difference Occupancy Rate 92% 88% 4% Rent /SF $31 $28 $3 Property Value / SF $288 %227 $61 Source: J. Spivey, “ Commercial Real Estate and the Environment,” CoStar, 2008
- 19. LEED Building Occupancy Rates (NYC) Source: “Does Green Pay Off?” by Norm Miller, July 2008
- 20. LEED Building Rental Rates (NYC) Source: “Does Green Pay Off?” by Norm Miller, July 2008
- 21. One Crescent Drive LEED-Platinum Comcast Building LEED-Gold
- 22. One Crescent Drive LEED-Platinum Valued at almost 90% more per SF than other buildings in Philadelphia… Sustained rents 25% - 50% higher than market rates… Comcast Building LEED-Gold
- 23. RETAIL SCHOOLS HOSPITALS INCREASE 20% EARLIER IN SALES PER BETTER TEST DISCHARGE SQUARE FOOT PERFORMANCE Increased FACTORIES OFFICES Productivity 2-16% INCREASED PRODUCTIVITY PRODUCTION INCREASE Source: usgbc.org
- 24. Orrick Herrington & Sutcliffe – New York City
- 26. $ / SF Illustrative Present Value of 20 Years – Green Offices Source: Greening the Built World: Costs Benefits, and Strategies, Greg Kats 2010
- 27. PA Incentives High Performance Building Program Provides grants (up to $500,000 or 10% of the total eligible building construction/renovation costs, whichever is less) or loans to help underwrite the cost premiums associated with the design / construction or major renovation of high-performance buildings Small Business Energy Efficiency Grant Program Reimbursement grants up to $25,000 available to help small businesses acquire equipment or adopt processes that promote energy efficiency
- 29. Cost Benefit Analysis – Sample Project
- 30. The Cooper Union – New York City
- 31. Friends Center Philadelphia, PA Historic Preservation + Sustainability
- 32. New York City Hall
- 33. Philadelphia Legislation Requires: LEED-Silver for municipal new construction / major renovation projects over 10,000 SF Cool roofs that meet / exceed Energy Star standards on ALL new construction
- 34. Starbucks
- 36. Top Line Value Community, Food, Hygiene, Wellness Net Zero Environmentalism Sustainability Energy Efficienc y Bottom Line Value
- 37. Starbucks Commitment Aspirations 2010 Goals Our stores are powered by • 25% reduction in store energy use (all company-owned clean energy and international licensed/JV) • 50% of store energy from renewable sources* • Incorporate green building standards in all new We only build Green stores construction • 3rd party certification for all company-owned stores worldwide 12 LEED Our cups create no waste • Establish reusable serve ware as global standard Accredited for in- Professionals house use • Tenfold increase in commuter mug usage** • Maintain 10% PCF content (North America) • Continue R&D into fully recyclable materials * US, Canada, UK, Germany company-owned ** US, Canada, UK, Germany, Japan Goals & Aspirations
- 38. What makes green building across a portfolio difficult?
- 43. Cira Centre SCA Americas Headquarters The three floors that SCA occupies are LEED-CI Gold certified Received the “Livable Buildings Award 2008” from the University of California, for being both ecologically responsible and well- liked by its users
- 44. Extracting Value
- 45. What Drives Building Performance? Computers Equipment Schedule Staffing Tenants Habits Controls Maintenance Layout Commissioning Integration Installation Operation Design Components Source: New Buildings Institute
- 46. How Efficient is Your Building? 1960-1990 Pre-War 1991 - Present
- 47. Commercial Building Energy Survey (CBECS)
- 48. CARS = MPG
- 49. APPLIANCES = ENERGY STAR
- 50. FOOD = NUTRITION LABEL
- 51. BUILDINGS = ???
- 52. Image: US Green Building Council
- 55. Benchmarking Commercial and Multi-Family Buildings >50,000 SF 2+ Buildings on lot that together >100,000 SF Deadline: May 1, 2011 What: Track energy use - all fuels Track water use data - in case of automatic water meter Include tenant data Public information- EUI; Gross SF Penalty for Non-Compliance:
- 56. Audits and Retro-commissioning Commercial and Multi-Family Buildings >50,000 SF Deadline: Sep 1, 2013 to 2022. 201X (X = last digit tax block no) Who: All Commercial and City buildings > 50,000 SF What: ASHRAE level II - every 10 years Retro-commissioning - every 10 years Energy Efficiency Report
- 61. Remind People What You Want
- 64. Moving Past LEED Towards Ideal
- 65. South Lincoln Redevelopment - Denver, CO
- 68. Building Integrated Landscape - Exterior
- 70. Access to Fresh Healthy Food U of O Urban Farm
- 71. Rooftop Gardens
- 72. Supermarket
- 76. Creation of the Guidelines
- 77. Net-Zero Energy National Renewable Energy Lab Research Support Facility Golden, CO (LEED Platinum)
- 79. Oregon Sustainability Center Portland, OR
- 82. Exploring the Value of Green Buildings Josh Radoff – Principal Member, Tork Green Hygiene Council www.yrgsustainability.com