Green is the New Black

Sorry Kermit, the next generation doesn't care if it isn't easy being green. Cushman & Wakefield research released says 68 DFW office buildings totaling 26.2M SF are LEED certified (that’s 12.8% of the office market). Also, Texas cities are adopting codes that say new buildings must comply with green elements. Plus, owners that want their buildings to better compete for Fortune 500 tenants should consider LEED, says Cushman's Randy Thompson (here with his son, Lukas).

It will soon be considered socially unacceptable, perhaps even socially irresponsible, for employees to go to work in a ‘brown’ building, Randy says. Given the limited stock of LEED properties, those ahead of the curve stand to gain the most. Some of the key research:

•LEED certified buildings provide tenants a 28% reduction in energy costs on operating costs

•On average, employees working in LEED certified buildings have 2.88 fewer sick days

15.6% of direct vacancy for LEED buildings compared to 17.4% vacancy all classes citywide

•LEED buildings outperform non-LEED buildings in occupancy, sales price, rental rates, and operation costs nationally. They have a 3.5% higher occupancy, sell for 35% more, and achieve rent premiums of 13% , according to the USGBC.

(That's Randy and his family experiencing the green of the outdoors.)

Continue reading this story with a free account

Log in or register
Related Topics: Randy Thompson
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Bisnow's 2026 DEI Data Series

Lincoln Property's New Pennsylvania Head On What Types Of Deals He's Targeting

Defense Tech Firms Setting Up Shop In Trump Family's Palm Beach Orbit

Philly's Busy Summer Created Momentum. Can The City Turn It Into Long-Term Growth?

McKinney Approves $21M In Funding For Cannon Beach Surf Resort

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Rig Collapse At Citadel HQ Site Sends 4 To Hospital