La Jolla Real Estate: La Jolla Luxury Homes

Luxury La Jolla Real Estate is taking a few hints from green building, and it seems that the trend is not so trendy after-all. Green living is here to stay as far as Luxury La Jolla Real Estate is concerned. For those skeptics who were convinced that green building was a mere passing fad, a new survey by National Real Estate Investor and its sister publications may prove otherwise. The survey reveals that not only is green building gaining momentum as a commercial real estate, and luxury La Jolla Real Estate strategy, but it is also vying for status as the new industry standard.

In fact the exclusive survey, which drew responses from 218 corporate users and 166 developers of commercial real estate, reveals that 52% of corporate respondents and 39% of developer respondents currently own, manage or lease at least some "green" properties. And these commercial owners are lending strategies and tips to residential Real Estate developers.

Even more compelling is the fact that the focus on sustainable real estate is clearly on the rise with 84% of corporate users and 77% of developers expecting to own, manage or lease at least some green properties five years from now.

"I think there is a tremendous amount of momentum for sustainable development," says Tom Bisacquino, president of the National Association of Industrial and Office Properties (NAIOP). "The cost of energy is growing exponentially, and many feel that energy costs will continue to rise. So the business case for developing green is getting stronger and stronger."

Generally, the "green" label in commercial real estate applies loosely to a growing list of sustainable building practices, ranging from energy-efficient lighting and air purification systems to recycled carpet. Specifically, green buildings are being measured by emerging industry standards such as Energy Star and the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) rating system.

Energy Star is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy that focuses on energy efficient products and practices. Buildings that earn the Energy Star designation use about 35% less energy than average buildings. More than 3,200 buildings totaling nearly 575 million sq. ft. carry the Energy Star seal of approval.

In contrast, the LEED program promotes a whole-building approach to sustainability by recognizing performance in five key areas that include human and environmental health, sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.

Survey results support the premise that corporations and developers are embracing green building practices. Respondents expect that green building ownership and management will increase dramatically in just a few short years.

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