In his forecast for the coming year, Liberty CEO Bill Hankowsky said:

“In developing guidance for 2013, we have assumed that the economic recovery will continue to slowly improve. We expect occupancy to increase for both our office and industrial portfolios. We believe that market rents have bottomed in both office and industrial, but we are still experiencing roll-downs in rents in our office portfolio as we release space previously leased at height-of-the-market rates. At this point, acquisition opportunities are scarce and we expect our external growth to be primarily through development. We should continue to benefit from increased development opportunities as new space is required to satisfy pent-up demand and changes in how companies are doing business.”

This article was cross-posted to PolleyNJ.com
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Liberty was honored with the “Leader in the Light – Gold Award” for small and midsized companies (under $4 billion) from the National Association of Real Estate Investment Trusts and the U.S. Environmental Protection Agency’s Energy Star program. The award was presented at the association’s annual convention in Dallas TX.

The competition is judged by sustainable energy use experts from government, business and academia. Liberty Property Trust is headquartered in Malvern PA.

Since 2002, Liberty said it has invested $1.5 billion in sustainable development. Its portfolio includes more than 10 million square feet of buildings certified as energy efficient by the U.S. Green Building Council, and more than 60 Energy Star-certified buildings spanning nearly all of its 20 US markets.

Related (to energy use reduction):

• LED Bulbs Easy Way To Save Energy And Money
• Energy Star Awards, Recertifications Presented To Brandywine
• Area Commercial Developer Wins Energy Use Award
• Next At Google: Helping Consumers Read Their Electric Meter

Photo from Liberty Property Trust

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