Green buildings and sustainability are becoming the norm rather than the exception. Buildings are deemed green by the U.S. Green Building Council and their LEED rating system. LEED stands for Leadership in Energy and Environment Design, and buildings are awarded various levels of LEED certification through analysis of the design, construction and operation of the asset. There are LEED rating systems for all types of assets, from schools to retail, healthcare, and even homes. The emphasis behind the LEED rating and sustainability is all about minimizing the immediate and long term impact a building's performance has on the environment through energy savings, materials selection, and indoor environment quality. Many developers, property managers, and investors are demanding LEED certification for all new assets, and LEED certification and green building techniques are even becoming mandatory for all new construction in most major cities.
Information on this page provided courtesy of Cornell University Baker Program in Real Estate
As the United States and the world become more environmentally conscious, green buildings and sustainability will only continue to become more of a standard practice in the real estate industry. There will be tremendous opportunities for individuals who become skilled in energy saving and environmentally conscious real estate development and operations. There has been recent pushback on green initiatives due to the downturn in the economy and high upfront costs of building green, but this is only a minor setback in the progress toward a more sustainable real estate industry. The downturn in the economy has forced companies to focus on minimizing operations costs and an increased focus on energy efficiency and waste management.
Top Green & Sustainable Buildings Companies
Vornado Realty Trust
Hines REIT, INC
Wells Real Estate Funds
Simon Property Group
Liberty Property Trust
Real Estate Companies Awarded the NAREIT/Energy Star Leader in the Light Sustainable Development Award