Commentary: Going Green in Commercial Real Estate

Article excerpt

Since it is Earth Day, I want to focus today's blog on one of the most discussed topics in commercial real estate, which is going green. With the growth of LEED certification and a desire among building owners, developers and tenants to become better stewards of the environment, green practices have increased significantly over the past decade both nationally and locally in the industry.

In honor of Earth Day, the Building Owners and Managers Association (BOMA) has issued its "Top 10 Ways" commercial real estate professionals can make energy efficiency and sustainability a priority on Earth Day and every day. With the office building industry accounting for nearly 20 percent of U.S. greenhouse gas emissions, BOMA has committed to helping its members and the industry as a whole improve energy management and sustainability practices.

BOMA International Chair and Chief Elected Officer Joe Markling, managing director of Strategic Accounts with CBRE, said the following about the list:"These tips offer property professionals effective operational and management strategies for reducing energy consumption and elevating sustainability. As we approach Earth Day, it's important to remember that making significant energy- efficiency improvements is within the reach of most building owners and managers, and many of the methods are no- or low-cost."1. Measure and Manage. Benchmark energy and water consumption through ENERGY STAR Portfolio Manager.

2. Audit Yourself. …