NEW YORK CITY—Even as more New York office buildings are builtand renovated to environmentally sustainable—or green—standards,tenants and potential tenants don't care all that much, accordingto a survey of New York City real estate executives, includingowners, brokers, agents, engineers and accountants and lawyersspecializing in the space.

Most property executives (83%) said tenants regard greencertification as either "not too important" (33%), only "somewhatimportant" (45%) or "not at all important" (5%), according to thespring 2014 Gotham Commercial Real Estate Monitor survey byaccounting firm Marks Paneth. Only 15% of executives said theybelieve tenants see a building's environmental sustainability as"very important."

"It is safe to say that business concerns trump environmentalconcerns in the minds and calculations of those responsible forrenting office space in New York City," says William H. Jennings,partner-in-charge of the real estate group at Marks Paneth.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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