Louisville Market Commercial Real Estate News Brief: June 2017

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Louisville market to keep you in-the-know.

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Louisville Improves Green Sustainability Rankings in New Research

Louisville ranks 37th out of the country’s 50 largest metro areas on clean technology policies, according to a new research piece by Clean Edge. The ranking is an improvement from last year when the city ranked 45th out of 50.

The city of Louisville has been hard at work implementing new policies and green initiatives to help reduce the effects of climate change. The city’s mayor, Greg Fischer, signed the Compact of Mayors in 2016, which commits to reducing greenhouse gases.

But, perhaps most impactful to the city’s improvement is its score in the number of Energy Star-certified buildings. Louisville ranked ninth in the country for the number of Energy Star projects per million people.

Tenants are quickly learning that a green building reflects positive corporate responsibility. Landlords who implement green policies and technology can enhance their market value, decrease operating costs and may retain tenants for an improved work environment.

More Louisville Headlines:

  • Noah’s Event Venue, a Louisville concert venue, recently sold for nearly $5 million. The venue, located on Plantside Drive, originally opened in August 2015. Utah-based Rockwell Debt-Free Properties Inc. purchased the property.
  • A new housing development is planned for The Friary in Louisville. The three-story former monastery will undergo a $5 million redevelopment to transform the historic building into modern housing units.