Attendees at the Office & Industrial Market Update and 2013 Forecast Summit presented by The Colorado Real Estate Journal and Otten, Johnson, Robinson, Neff & Ragonetti on September 6 heard from a panel of general contractors who reported that developers of industrial properties frequently choose to meet LEED standards without seeking the official LEED certification, because the certification process adds $50,000 to $100,000 to the cost of the building.
LEED has been criticized by others for being too lax in its standards, and for certifying buildings before they are actually in operation.
Meanwhile, the U.S. Green Building Council, which oversees LEED standards and certification, has said it is working on updated standards (LEED v4). Members of the Council are currently scheduled to vote on the updated standards in June 2013. According to the Council, “LEED v4 focuses on increasing technical stringency from past versions and developing new requirements for project types such as data centers, warehouse & distribution centers, hotels/motels, existing schools, existing retail, and mid-rise residential.”
It remains to be seen whether changes to the LEED standards will bring developers back into the LEED fold.
The public comment period for changes to the LEED standards is now open. Click here for information on how to submit your comments.