Mandated Net-Zero GSA Office Building Leases Published in the Fall 2022 SIOR Report, was an article reported that GSA has established a goal to restrict new lease agreements to net-zero buildings by the year 2030. One big problem with this, according to John Robbins, CEO of Carpenter Robbins Commercial Real Estate in San Ramon (and a great friend of mine!) is there are very few net-zero buildings in North America. “As of May 2022 the New Buildings Institute had verified only 158 as net-zero and that total includes multifamily as well as commercial. Furthermore, few of the verified commercial buildings have enough vacant space to meet GSAs needs.” So it is possibly that regardless of the overall office vacancy rate there may be new focus on both new net-zero as well as retrofitting existing buildings where this makes economic sense. I also wonder if more environmentally-aware states begin similar mandates. Just imagine the future, driving your electric car to your net-zero office building…and there are more and more corporate giants getting on board with this as well.
Published in the Fall 2022 SIOR Report, was an article reported that GSA has established a goal to restrict new lease agreements to net-zero buildings by the year 2030. One big problem with this, according to John Robbins, CEO of Carpenter Robbins Commercial Real Estate in San Ramon (and a great friend of mine!) is there are very few net-zero buildings in North America. “As of May 2022 the New Buildings Institute had verified only 158 as net-zero and that total includes multifamily as well as commercial. Furthermore, few of the verified commercial buildings have enough vacant space to meet GSAs needs.” So it is possibly that regardless of the overall office vacancy rate there may be new focus on both new net-zero as well as retrofitting existing buildings where this makes economic sense. I also wonder if more environmentally-aware states begin similar mandates. Just imagine the future, driving your electric car to your net-zero office building…and there are more and more corporate giants getting on board with this as well.
