Looking for green office space? Your options are limited in unless you build your own environmentally friendly and energy-efficient building.
More than half of the local U.S. Green Building Council LEED-certified commercial office buildings are owner-occupied, including buildings for wireless giant Qualcomm and pharmaceutical firm Pfizer, which has a large local presence. The majority of the remaining LEED buildings are 100 percent leased. Only 205,000 square feet of the county office market’s overall 107.9 million square feet has earned the LEED stamp of approval and is available for rent.
Those looking for LEED-certified office space today have only two options — La Jolla Commons in University Towne Center and the North Island Credit Union building in Kearny Mesa.
The 14-story, 300,700-square-foot La Jolla Commons has 175,000 square feet of available green space. It was recently completed in September 2008.
Already, audit and tax firm KPMG International, commercial brokerage Jones Lang LaSalle, international law offices of Paul, Hastings, Janofsky & Walker, and U.S. Bank have signed leases for 50 percent of the building’s space.
La Jolla Commons by Texas-based Hines and national financial services organization TIAA-CREF was the first new high-rise constructed in UTC in 15 years.
“Going green has indeed affected our tenant activity,” said Paul Twardowski, San Diego vice president of the Houston-based real estate management and development company.
Hines is recognized as one of the largest green and sustainable commercial builders in the nation, with 119 projects representing more than 60 million square feet that have been certified, precertified or in the application process for LEED certification.
The rental rate for available space at La Jolla Commons is $49.90 per square foot per year.