LEED-EB Debuts in New York at Mercantile Exchange

LEED for Existing Buildings (LEED-EB) has finally made a splash here in New York. On January 30, the New York Mercantile Exchange (NYMEX) became the first building in either the City or State to receive certification under LEED-EB. Chairman of the Exchange, Richard Schaeffer, glowed that “[a]s the world’s leading energy exchange, we are firm [...]

LEED for Existing Buildings (LEED-EB) has finally made a splash here in New York. On January 30, the New York Mercantile Exchange (NYMEX) became the first building in either the City or State to receive certification under LEED-EB. Chairman of the Exchange, Richard Schaeffer, glowed that “[a]s the world’s leading energy exchange, we are firm believers in renewable energy and conservation. We hope other companies will consider going green as it is a win-win situation. After an initial investment, there is a cost savings to the company while helping to sustain the environment.” Among the sustainable steps that NYMEX took in order to secure its certification included composting all organic kitchen waste, improving its recycling and waste reduction protocol, installing CO2 and humidity sensors throughout the Exchange, creating access for workers to bicycle racks and shower and changing facilities, and increasing its stock of recycled/environmentally-responsible office, bathroom, and cleaning products.

At least statistically, LEED-EB has not been very successful. Since the system’s introduction back in 2004, out of only 171 registered projects, a mere 28 have received certification (as of last fall). Why haven’t owners pursued LEED-EB certification more aggressively? Are the reasons financial? Ignorance? An unwillingness to sink money into a version of LEED that’s perceived as niche? I’d be interested in hearing from industry professionals as to their perceptions. Any thoughts?

About Stephen Del Percio

Stephen Del Percio has written for gbNYC+ since 2006 and currently serves as in-house counsel for one of the world's largest engineering, construction, and technical services companies. He earned a B.Eng. from Columbia, his J.D. at William & Mary, and lives in New York City with his wife and daughter. You can follow Stephen on Twitter, email him at stephen@gbNYC.com, or join gbNYC on Facebook to continue the conversation.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

Our blog, the gbNYC+ journal of real estate, law, + sustainability, delivers consistent, original content - from a New York City perspective - on how technology, data, and sustainability are changing how we interact with our built environment. Subscribe below and receive new articles as they're published or connect with our social media presence to join our ongoing conversation about real estate and sustainability, in the Big Apple and beyond. Contact us at (201) 835-8530 or info@gbNYC.com for more information about our services and to discuss how we can assist you.

No comments yet.
gbNYC Tenant Resources Feature

tenant resources

The commercial office leasing process is complicated. And so is figuring out where to start your search for office space in New York City. gbNYC's tenant resources - from our blog and leasing FAQ to our unwavering dedication to our clients and commercial real estate - can help you get the best possible deal for your next office, in the best location, and at the best price.
gbNYC Submarket Feature

submarkets

New York City is a big place, and figuring out the most suitable location for your office can seem like an insurmountable challenge. Our submarket guide demystifies Gotham's dizzying range of neighborhoods with profiles, articles, new developments, and recent leasing statistics like average asking rents and vacancy rates.
gbNYC Database Feature

office database

We've built a database of the best commercial properties in New York City, focused on LEED-certified, Energy Star-labeled, and historic office buildings. Search for your ideal office building by location, certification, size, or owner. Then contact us to discuss current availabilities and your specific office needs.