Ottawa Green Real Estate

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Putting Ottawa\'s Green Commercial Real Estate Landscape in context. What is out there and what it means.

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Ottawa Green Real Estate

  1. 1. OTTAWA GREEN REAL ESTATE
  2. 2. Buildings in the United States and Canada represent about one-third of primary energy use and carbon dioxide emissions.
  3. 3. LEED® Leadership in Energy in Environmental Design – 3rd party verification system – Program and benchmark for design, construction and operation of high performance green buildings LEED is the international standard for green building. – Used in over 100 countries – Worldwide tool for the design, construction, and operations of high- performance, sustainable buildings. LEED in Canada – Administered by the Canada Green Building Council, – National non-profit organization founded Dec 2002, based in Ottawa
  4. 4. LEED Rating System New Construction & Major Renovations (NC) – Commercial, institutional, retail, +3 storey multi-res Core & Shell (CS) – New build, applies to building envelop & major mechanical systems Commercial Interiors (CI) – Tenant fit-ups Existing Buildings: Operations & Maintenance (EB:OM) – Post construction Homes Neighbourhood Developments
  5. 5. As of September 2009, the Canada Green Building Council (CaGBC) had certified 119 buildings under the LEED rating system and had an additional 1,416 buildings seeking certification.
  6. 6. BOMA BESt BOMA Building Environmental Standards – Nationally recognized standard – Next evolution of the BOMA Go Green Plus – Rolled out in 2005 – Covers • Office • Closed Shopping Centres • Open Air Retail • Light Industrial 4 BESt Levels
  7. 7. More than 450 office buildings and 132 million square feet have achieved levels 2, 3 and 4.
  8. 8. What is Out there? LEED Registered Projects in Ottawa: (43) • New Construction (NC) 32 • Core & Shell (CS) 2 • Commercial Interiors (CI) 9 • Existing Buildings (EB) Launched June 2009 BOMA BESt in Ottawa: (68) • Level 4: 1 • Level 3: 14 • Level 2: 30 • Level 1: 23
  9. 9. Green Attributes What gets your “Green Points” when marketing your property? – Alternative Transportation • Bike Racks • Proximity to public transit – Energy Efficiencies • Variable speed drive motors • Lighting; lamping, individual controls – Indoor Environmental Quality • Thermal controls • Green Seal/Green Label Paint & Carpet – Recycling Program
  10. 10. In Canada, buildings are responsible for 25% of landfill waste.
  11. 11. Why Go Green: The Landlord Perspective More and more tenants view sustainability as a determining factor in property decisions – 89% of CRE executives consider sustainability criteria in their location decisions (a 2009 CoreNet Global and Jones Lang LaSalle) Green Certified Buildings gaining competitive advantage – 3.8% higher occupancy rate (CoStar) – 3%-6% rental premium psf (Fuerst & McAllister, Eichholtz and UC Berkeley) Your largest tenant wants GREEN BUILDINGS!
  12. 12. What it comes down to… Net Rent Tenant Renewal Future Proofing IRR Operating Costs Financing Problems Tenant Complaints Vacancy
  13. 13. James McNeil, RPA, LEED AP Scott Brooker, Bcomm Associate Vice President Sales Representative Ottawa Green Real Estate Practice Lead Ottawa Green Real Estate Practice Group T: +1.613.780.1567 T: +1.613.780.1582 E: James.mcneil@ca.cushwake.com E: Scott.brooker@ca.cushwake.com View my profile on View my profile on Aligning Green Tenants with Green Buildings Aligning Green Buildings with Green Tenants
  14. 14. Cushman & Wakefield Ottawa’s Green Real Estate Practice Group works with organizations who have made a commitment to sustainable business operations. We assist them in navigating Ottawa’s commercial real estate landscape to find workplace solutions that align with their environmental commitments and contribute to sustainable bottom lines. Our team provides corporate tenants and building owners with the expertise to understand and evaluate the benefits and cost savings of buildings designed with sustainable high performance design features. Our value proposition is our ability to assist organizations in matching real estate solutions to their quest to go green.

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