Charles Lockwood

Charles Lockwood was a green real estate authority and consultant in southern California and New York City, and the author of the ULI publication The Green Quotient: Insights from Leading Experts on Sustainability. He was also the author of Bricks and Brownstone: The New York Row House and a Guggenheim Fellowship recepient.

Resilience and Sustainability
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Design and Planning
LEED for Retail Due to Be Launched This Year
The U.S. Green Building Council (USGBC) this year will release two new Leadership in Energy and Environmental Design (LEED) retail rating systems, LEED for Retail: New Construction and LEED for Retail: Commercial Interiors—the seventh and eighth members of the growing LEED family. Other categories cover new construction, existing buildings, core and shell, commercial interiors, schools, and homes. The upcoming launch comes at a seemingly inauspicious time, with both the economic slump and overbuilt retail markets creating hardships for retailers and real estate owners—problems that are not going away anytime soon.

In southern California, for example, vacancy rates at neighborhood shopping centers, which typically have a grocery store as their anchor tenant, are still rising, according to a recent study by CB Richard Ellis (CBRE) Econometric Advisors. The current 12.4 percent vacancy rate would be higher if landlords did not offer an array of financial incentives such as reduced rents to hold on to tenants.

June 1, 2010
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Charles Lockwood
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