SERF offers certification for both stand-alone retail buildings and retail suites. Among the different building types, retail buildings have been the slowest to join the green movement partly because the nature of the landlord-tenant relationship and the inflexible nature of LEED certification.
Since, most retail building leases are triple-net, the tenant pays for the energy, common area maintenance (CAM) and property taxes. Thus the landlord has limited incentive to invest for an efficient building. SERF’s cost-effective certification can be an important tool for owners to assure prospective tenants that the building is efficient and operational costs will be low, thereby increasing the market value of the building.
Secondly, LEED certification has traditionally been inflexible in its requirements, making it difficult to achieve certification. This is particularly true for retail chains because of their customized building designs. SERF’s criteria by contrast offer great flexibility and are streamlined to reduce the burden on building owners. Thus SERF certification offers a practical and attractive path to join the green movement.
Browse SERF certified Retail-Commercial facility case studies and profiles.