What are your thoughts on LEED accreditation? Worth it or waste of resources?
Curious what the general consensus is on obtaining LEED accreditation. Specifically O+M designation for any asset managers and BD+C for anyone in development. 

I imagine it depends on the firm you’re with and how hard they stress ESG. What has your experience been like? 

My goal is to pursue accreditations that would be seen as worthwhile and applicable to AM/Dev in order to bolster my resume when applying to a new firm.
[{"id": "ivtyazf", "text": "I have never has a client that was willing to pay any sort of a premium to be in a LEED designated building.  Usually its something they don't mind or are ok having but virtually none are willing to pay for it.", "replies": [{"id": "ivuagzf", "text": "I wrote my thesis on this. Slight premium in office rents for LEED certifications. Can share the one pager if you would like.", "replies": [{"id": "ivuptxh", "text": "Sure I would love to see the summary. Its always been my experience is they always talk like they are into the certification but it always just comes down to cost.", "replies": [], "depth": 3}, {"id": "ivupvr4", "text": "I would be very interested to read the abstract if you\u2019re willing to PM", "replies": [], "depth": 3}, {"id": "ivuryok", "text": "I'd be super interested in this if you can share with me in DM.", "replies": [], "depth": 3}, {"id": "ivv3tfd", "text": "Please DM me that sheet.", "replies": [{"id": "ivwbhzw", "text": "Same as well please.", "replies": [], "depth": 4}], "depth": 3}, {"id": "ivwhiut", "text": "Would love to see this", "replies": [], "depth": 3}, {"id": "ivxs2eb", "text": "Would love to read the one pager as well, wouldn't mind reading through the whole thing if its available. Thanks in advance!", "replies": [], "depth": 3}, {"id": "ivxzn2z", "text": "Would love to see this as well. Thank you for your efforts here.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ivu0qwy", "text": "Waste. You can be sustainable without paying for it.", "replies": [], "depth": 1}, {"id": "ivu0rqh", "text": "Probably no significant value except for maybe office bldgs.", "replies": [], "depth": 1}, {"id": "ivu5b70", "text": "LEED certified was the rage 10+ years ago, used to see it in EVERY flyer, now...meh.  No one cares nor does any of my clients when selecting a location", "replies": [], "depth": 1}, {"id": "ivu5p2q", "text": "Are you asking for a building or are you asking about getting credentials for yourself?", "replies": [{"id": "ivu6qik", "text": "Accreditation for myself. I manage a few properties that are LEED certified (we used consultants to obtain) and I figured the O+M designation may be applicable.", "replies": [{"id": "ivu7tu8", "text": "Unless you want to specialize or you want to work specifically in a sustainability type role, I\u2019d say the additional certs are probably not worth it. Hiring the consultants when needed is the better move since they know what is going on, what\u2019s coming up, and have the insight on what others are successful (or unsuccessful) at.", "replies": [{"id": "ivumzjn", "text": "I appreciate your feedback. Cheers!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ivub181", "text": "This was my college thesis. We took a large sample of data from Southern office properties and calculated rents and vacancies on LEED vs. non-LEED buildings. We found a statistically significant rent premia for LEED levels (base, silver, gold). Vacancy was generally unaffected. Can share a one pager if you would like.", "replies": [{"id": "ivuhxtg", "text": "Did your thesis isolate LEED accreditation as the contributory factor for rent premium? Considering LEED accreditation means the building is energy efficient, it obviously reduces overall operating expenses. So reduced operating expenses can result in higher rents. I\u2019m of mind that accreditation is simply a marketing tactic and that any sort of increased value is actually from the underlying reduction in operating costs.", "replies": [{"id": "ivulf97", "text": "We isolated the four LEED levels with respect to 5 types of leases (NNN, +U, +E, MG, FSGross), vintage, market, taxes, etc. to find the effect on rent/sf and vacancy. LEED Silver and LEED Gold certifications had a statistically significant (P&lt;0.01) increase to rents and basic LEED certification had a ss reduction in vacancy.", "replies": [], "depth": 3}], "depth": 2}, {"id": "ivun8bp", "text": "Would be interested to see a similar analysis in other markets like California coastal, Northeast, etc. I'd imagine local politics play a role.", "replies": [{"id": "ivupx73", "text": "Here is one from the UK:\n\nhttps://www.hines.com/news/the-green-premium-and-brown-discount", "replies": [{"id": "ivuql0p", "text": "Very interesting, thanks!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ivuppef", "text": "https://www.hines.com/news/the-green-premium-and-brown-discount", "replies": [], "depth": 1}, {"id": "ivv4l9h", "text": "It's hard to pencil with most UW. Especially with rising rates. We will have to wait and see.", "replies": [], "depth": 1}, {"id": "ivvnddc", "text": "Honestly it depends on what you are doing: is your building fat as fuck is it gonna house like a bunch of people or make people a bunch of money like a sexy office building or is it just like a little shopping plaza - could be big too but that doesn\u2019t matter - the point is that there has to be gravitas to the building. \n\nFor example in Orlando: one of the sustainability directors was recently appointed by the Biden administration, prior to that he would regularly make announcements and do partnerships for strategic initiatives related to his job with LEED certified building owners/managers - you know dinners, PR, some access, etc. big influence with publicity and is an end-around value add.", "replies": [], "depth": 1}, {"id": "ivwk5sv", "text": "Most in demand for big box industrial properties since some parts of California already banned development of traditional environmentally hazardous warehouses, look at the biggest industrial player in world Prologis they literally shifted their development to strictly sustainability and they know that core tenants that are green-focused companies are willing to pay out the ass in rent which no other tenant in any other product type would do", "replies": [], "depth": 1}, {"id": "ivwv5v9", "text": "I am the acquisition manager for a fortune 50.. probably involved in over 150 new commercial leases last year. I could careless about LEED. I look for functionality, location and price.", "replies": [], "depth": 1}, {"id": "ivy8ela", "text": "All of our apartment developments are Energy Star and Enterprise Green Certified. Much more cost effective to implement and certify.", "replies": [], "depth": 1}]