Understanding LEED Certification for Commercial Real Estate
3 min read.
The demand for environmentally sustainable and "green" commercial buildings is on the rise. Corporations increasingly prefer commercial real estate with green designs to house their businesses. As a commercial real estate agent, how can you assist your clients in finding environmentally friendly real estate? It all starts with understanding LEED.
What is LEED?
LEED, or Leadership in Energy and Environmental Design, stands as an international symbol of excellence in sustainability and leadership in green building practices. Canada is recognized as one of the leading territories globally for LEED certification. To attain a LEED certificate, a building must meet six performance requirements:
location and transportation
sustainable site development
water savings
energy efficiency
materials selection
and indoor environmental quality
Depending on the score achieved, the building is categorized as Certified, Silver, Gold, or Platinum.
Why is it important?
LEED serves as a certificate recognizing sustainability in the design, construction, and operation of all types of buildings. Prioritizing sustainable practices in LEED-certified properties contributes to lower carbon emissions, resource conservation, and reduced operating costs. This approach aligns with the growing priority of sustainability in the market and saves on operational costs, a feature increasingly requested by clients. Corporations conscious of their environmental footprint, seeking livable office spaces with smart lighting and exceptional air quality, are the prime audience for green buildings. A LEED certification positions properties favourably in a market where sustainability is gaining prominence.
Commercial real estate properties with LEED certification reflects a commitment to sustainability that resonates with clients who prioritize it. Understanding the significance of this certification is crucial for real estate agents, as it helps clients find suitable real estate and facilitates successful transactions.
References
How a LEED green building certification can help your business. BDC.ca. (2023a, June 29). https://www.bdc.ca/en/articles-tools/sustainability/climate-action-centre/articles/how-leed-green-building-certification-can-help-your-business
How to maximize your commercial real estate investment. BDC.ca. (2023b, August 24). https://www.bdc.ca/en/articles-tools/money-finance/buy-lease-commercial-real-estate/5-ways-maximize-your-commercial-real-estate-investment
LEED. Canada Green Building Council (CAGBC). (2023, November 2). https://www.cagbc.org/our-work/certification/leed/
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