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Dallas: Not Very Green

WASHINGTON DC 04.27.2017

FEDERAL MARKETS & REAL PROPERTIES

A New President & GSA: What Does That Mean For You?

Norman Dong -- U.S. General Services Administration (GSA)
Tom Finan -- Trammell Crow Company
Bruce Childs -- USAA Real Estate
Dallas: Not Very Green
Dallas Convention Center
A new Cushman & Wakefield study shows disappointing news about how Dallas fares among the top 25 US markets for energy efficient office buildings. Unless we're reading the list upside-down, Dallas finished dead last (25th) in the Office Market Conditions category, which has criteria including rent, vacancy, leasing activity, and absorption. Houston finished third. Dallas finished 20th in Green Adoption & Implementation, which includes square footage of LEED certified CBD office space, Energy Star, and number of LEED accredited professionals per capita. Pictured is the Dallas Convention Center, LEED Silver. Photos courtesy of ULI.
 
City of Dallas Northwest Service Center
Dallas ranked 14th (progress!) in Local Mandates & Incentives, assessing  commitment to sustainable building practices, energy incentives, and availability of direct funding. The gap between implementation and mandates suggests that whether the business community likes it or not, change is coming, CushWake managing director Randy Thompson tells us. Those property owners and tenants who are first to recognize this gap and embrace the change will be the first to benefit from lower energy costs and regulatory pressure, and a more productive employee base as a result of operating in higher performing buildings, he adds. Pictured is the Dallas Northwest Service Center, LEED Gold.