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Home > Topics > Mixed-Use > Green Retrofits: How to Avoid the Looming Obsolescence of "Standard" Commercial Real Estate
Mixed-Use
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Green Retrofits: How to Avoid the Looming Obsolescence of "Standard" Commercial Real Estate
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Session #: 047-18
Presenter(s): Panel
Session Length: 1:15 hr.
Program: 2007 ULI Fall Meeting
Date: October 24-26, 2007
Billions of dollars of commercial real estate around the world—from office buildings to shopping centers, manufacturing plants, and distribution centers—are on the verge of becoming obsolete and losing value. What's happening? The real estate market shift to green buildings is escalating rapidly. Sustainability is becoming an imperative—not a choice—for property investors, REITs, developers, and corporations. But most existing buildings cannot be emptied out for a top-to-bottom green renovation because of budget and/or time constraints, the disruption to tenant operations, or restrictive leases. Fortunately, real estate owners and tenants have another option. They can carry out a phased "Green Retrofit" of their existing occupied properties—whatever their size, age, location, or use—and garner all the benefits of going green. This session will explain how property owners/investors can enjoy a significant ROI by going green, provide green "quick wins" for property owners/investors, identify mistakes, help attendees separate green facts from fiction, misperceptions, and lies and guide attendees through the 10-Step Green Retrofit Process, with case studies of completed projects.
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