For buildings like Portland’s Big Pink, retrofits are a way to boost competitive advantage.
The down economy and the construction standstill are only part of the reason for the trend of green retrofits among Portland’s major buildings.
Especially in the Portland area, green-building certification is becoming a new standard required by companies looking to rent office space, building owners say. Any such competitive advantage is crucial for office building owners, who struggle against an 11.1 percent vacancy rate across the region and a 7.1 rate for the most modern buildings downtown.
“It’s kind of like a new civic duty, to be environmentally minded,” says Gordon King, a longtime office broker with Colliers International in Portland. “These businesses are looking at — how can we align our environmental ethics with business savings?”
Read the full story at OregonLive.com.
{biztweet}Portland green high-rise{/biztweet}
