Commercial Real Estate Going Green
SOURCE: PR News Wire
A building renaissance is under way, as architects and developers seek ways to make office space more environmentally friendly and cheaper to operate.
Progressive Investor, a monthly investment newsletter, identified six forces that are contributing to the acceleration of the demand for greener designs. Developers and office building owners are seeking to reduce their energy expenditures. Building green no longer costs more. Tenants have a preference for green buildings which make for happier employees and reduced operating costs. Major corporations are developing greener policies and building highly visible green headquarters. Legislative mandates to build green are growing, and leading realtors don't want to be holding obsolete portfolios of inefficient office buildings.
Rona Fried, Progressive Investor CEO said "Industry leaders are creating criteria for certification and integrating green building into the appraisal process and into broker databases." It's a good step in the right direction, as a recent United Nations study concluded that green buildings can do more to fight global warming than all curbs on greenhouse gases agreed under the Kyoto Protocol.
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A building renaissance is under way, as architects and developers seek ways to make office space more environmentally friendly and cheaper to operate.
Progressive Investor, a monthly investment newsletter, identified six forces that are contributing to the acceleration of the demand for greener designs. Developers and office building owners are seeking to reduce their energy expenditures. Building green no longer costs more. Tenants have a preference for green buildings which make for happier employees and reduced operating costs. Major corporations are developing greener policies and building highly visible green headquarters. Legislative mandates to build green are growing, and leading realtors don't want to be holding obsolete portfolios of inefficient office buildings.
Rona Fried, Progressive Investor CEO said "Industry leaders are creating criteria for certification and integrating green building into the appraisal process and into broker databases." It's a good step in the right direction, as a recent United Nations study concluded that green buildings can do more to fight global warming than all curbs on greenhouse gases agreed under the Kyoto Protocol.
Read full report »
