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Explore the Value of LEED Green Building in the Market Today
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Transcript of Explore the Value of LEED Green Building in the Market Today
Exploring the Value of Green Building
Josh Radoff – Principal
Member, Tork Green Hygiene Council
Design & Construction
Business & Operations
Communities
Education & Training
Marketing & Media
YRG sustainability consulting - education - analysis
Agenda
The Evolving Face of Sustainability
The Role of LEED
Value of Green Buildings
Defining our Ideal and Capturing Value
Stanford Y2E2 Building : Boora Architects Clackamas High School : Boora Architects
Measured Energy Use vs LEED Certification Level
Source: New Buildings Institute
Maintaining Your Beautiful Design
Isn’t LEED so … 2007?
Value of Green Building in Market Today
Source: J. Spivey, “ Commercial Real Estate and the Environment,” CoStar, 2008
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
LEED Building Occupancy Rates (NYC) Source: “Does Green Pay Off?” by Norm Miller, July 2008
LEED Building Rental Rates (NYC) Source: “Does Green Pay Off?” by Norm Miller, July 2008
Comcast Building
LEED-Gold
One Crescent Drive
LEED-Platinum
Comcast Building
LEED-Gold
One Crescent Drive
LEED-Platinum
Sustained rents 25% - 50% higher than market rates…
Valued at almost 90% more per
SF than other buildings in
Philadelphia…
Increased
Productivity
Source: usgbc.org
20%
BETTER TEST
PERFORMANCE
SCHOOLS
EARLIER
DISCHARGE
HOSPITALS
2-16%
PRODUCTIVITY
INCREASE
OFFICES
INCREASE
IN SALES PER
SQUARE FOOT
RETAIL
INCREASED
PRODUCTION
FACTORIES
Orrick Herrington & Sutcliffe – New York City
Office Building Costs
Illustrative Present Value of 20 Years – Green Offices Source: Greening the Built World: Costs Benefits, and Strategies, Greg Kats 2010
$ / S
F
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
Cost Benefit Analysis – Sample Project
The Cooper Union – New York City
Friends Center Philadelphia, PA
Historic Preservation + Sustainability
New York City Hall
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
Starbucks
Environmentalism Sustainability
Top Line Value
Bottom Line Value
Energy Efficienc
y
Community, Food,
Hygiene, Wellness
Net Zero
Goals & Aspirations
12 LEED
Accredited
Professionals
Our stores are powered by
clean energy
We only build Green stores
Our cups create no waste
• 25% reduction in store energy use (all company-owned
and international licensed/JV)
• 50% of store energy from renewable sources*
• Incorporate green building standards in all new
construction
• 3rd party certification for all company-owned stores
worldwide
• Establish reusable serve ware as global standard for in-
house use
• Tenfold increase in commuter mug usage**
• Maintain 10% PCF content (North America)
• Continue R&D into fully recyclable materials
Aspirations 2010 Goals
* US, Canada, UK, Germany company-owned
** US, Canada, UK, Germany, Japan
Starbucks Commitment
What makes green building
across a portfolio difficult?
http://www.starbucks.com/responsibility/learn-more/goals-and-progress
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
Extracting Value
Source: New Buildings Institute
What Drives Building Performance?
Tenants
Design Operation
Computers
Equipment
Schedule
Habits
Layout
Integration
Installation
Components
Staffing
Controls
Maintenance
Commissioning
1960-1990
Pre-War 1991 - Present
How Efficient is Your
Building?
Commercial Building Energy Survey (CBECS)
CARS = MPG
APPLIANCES = ENERGY STAR
FOOD = NUTRITION LABEL
BUILDINGS = ???
Image: US Green
Building Council
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:
$500 fine/quarter ($2,000 per year)
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
Recommissioning
the Occupant
What Drives Performance?
Remind People What You Want
Lucid Design Displays
Moving Past LEED Towards Ideal
South Lincoln Redevelopment - Denver, CO
Building Integrated Landscape - Exterior
Access to Fresh Healthy Food
U of O Urban Farm
Rooftop Gardens
Supermarket
Super-duper-market
Zero Mile Produce
Creation of the Guidelines
Net-Zero Energy
National Renewable Energy Lab Research Support Facility
Golden, CO (LEED Platinum)
Oregon Sustainability Center
Portland, OR
Exploring the Value of Green Buildings
www.yrgsustainability.com
Josh Radoff – Principal
Member, Tork Green Hygiene Council