This is a headquarters relocation for the association, which iscurrently based at 1101 14th St. NW. Associations like AmericanWind Energy that wish to occupy LEED certified space in theDistrict find that market trends are not working in their favor.For starters, most of the Gold LEED certified space in the Districtis either coming online or otherwise occupied--space ready to berented right now, in other words, is in very short supply. SilverLEED office space is more available, but in such areas as the CBDand the East End it is often snagged by law firms that need to bein these areas and want the most modern offices, which are usuallyLEED certified.

Cost is also an issue for many associations, Bynum says in aprepared statement. "There are many organizations, such as theAmerican Wind Energy Association, that want LEED certified spacebut at lower price point." By negotiating a retrofit to LEED CI,American Wind got its green office space but at rates lower thanwhat a trophy building would command, he says. Jones Lang LaSalledid not return calls to GlobeSt.com in time for publication. Theoffice building at 1501 M St. is a 156,686-sf property that isclose to 90% occupied.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.