On the Fast Track

Release Date: Tuesday, September 2nd 2008

On the Fast Track
The number of Energy Star labeled buildings in the Downtown BID area keeps climbing. There were a total of 12 in 2006, 16 in 2007 and 17 in the 1st quarter of 2008. Drum roll, please. The number shot up to 21 in the 2nd Quarter and five more buildings were added to the roster in July and August! Together, the nine properties in 2008 represent a total of more than 2.2 million SF of floor space. This is good news. Energy Star labeled buildings are the most energy efficient properties around. They also command higher rents. The nine properties labeled since March have an increased value of $5.5 million, based on a CoStar Group valuation of $2.40 per SF premium for such buildings.

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Kudos to the following buildings that have received the Energy Star Label since April: American Society of Landscape Architects (636 I Street); Hostelling International Washington, DC (1009 11th Street); International Brotherhood of Electrical Workers (900 7th Street); Society for Neuroscience (1121 14th Street); 616 H Street; American Chemical Society (1550 M Street); City Center Building (1401 H Street); and the National Press Building (529 14th Street). For more information, visit www.energystar.gov and click on “Green Buildings.”