Geoffrey Kasselman, SIOR,
LEED AP
George McCutchen, SIOR,
CCIM
Sponsored by the
Gary Joel Schacker, SIOR
The SIOR Foundation is a 501 (c) ( 3) not-for-profit organization.
All contributions are tax-deductible to the extent of the law.
Promoting and supporting initiatives that educate, expand,
and enhance the commercial real estate community.
In New York, as an example, a majority of the millions of square feet of office space was constructed
before the time of Green. Indeed, says Waters, there’s
not enough Green buildings for everyone who wants
one.
Most landlords can do the simple things such as
changing lighting fixtures, but to retrofit the water
system, re-install irrigation, or put solar panels on
the roof, this has become more complex. Waters
says, “Going Green is not happening for a trifecta of
reasons: cost, zoning, and the rehabbing of obsolete
buildings, all of which won’t get the landlord a return
on his or her investment.”
Things are no less complex in the suburbs where
most tenants are smaller, private companies that want
to keep costs to a minimum. “For an entrepreneur
struggling to grow a new company,” Waters says,
“his first thought probably is not going to be Green.”
Paul Waters, SIOR, CCIM,
CRE, FRICS
