Opening Bell
Statshot: Hot LEED
Environmental efficiency in Seattle's sites
By Seattle Business Magazine January 15, 2023
This article originally appeared in the January/February 2023 issue of Seattle magazine.
Columbia Tower. 999 Third. Puget Sound Plaza. 2 Union Square. Met Tower.
Seattle boasts numerous LEED-certified buildings, or structures that meet rigorous certifications in five categories: energy efficiency, indoor environmental quality, materials, water savings and site selection. (LEED stands for Leadership in Energy and Environmental Design).
Seattle ranks No. 7 in the United States for percentage of LEED-certified square footage in office buildings. Commercial real estate firm CBRE says “tenants benefit from energy savings and increased productivity, while owners benefit from higher asset value.” LEED-certified buildings, on average, command 31% higher rents.
Quote
“There’s just a lot of volatility and uncertainty surrounding affordability and housing availability. But people’s interest in dreaming and moving persists, and we have that relationship with people while they dream.”
Alan Parker, chief financial officer, Zillow Group, on a recent call to investors and analysts.
Source: SEC
Big numbers
$400 Million
Seattle Mariners owner John Stanton’s estimate of annual revenue the club will generate within the next 10 years, which would boost the Mariners into the top 10 in Major League Baseball. The club earned $319 million last season.