Greenbuild 2010: Study Underscores Income, Occupancy Benefits of Green Buildings
In their latest survey on the perceived benefits of green buildings, CB Richard Ellis, the University of San Diego's Burnham-Moores Center for Real Estate and McGraw-Hill Construction find that sustainably managed buildings continue to provide better value, occupancy rates and worker productivity than traditional structures.
The project partners released details of their report "The Business Benefits of Green Buildings SmartMarket Report" at the Greenbuild conference in Chicago.
To compile the report -- an update of the 2009 study "Do Green Buildings Make Dollars and Sense?" -- researchers examined more than 150 office buildings in 11 top U.S. markets.
According to the report, owners of sustainably managed buildings anticipate: A 4 percent higher return on investment 5 percent increases in building value and occupancy 8 percent drops in operating costs 1 percent rise in rental income
About 79 percent of owners surveyed said they believe eco-friendly buildings help them attract and retain tenants and competitive advantage, especially in tough financial times. More than 70 percent said a significant portion of the property portfolio is being greened.
Respondents also cited benefits to occupants' health, productivity and satisfaction: 10 percent of green building tenants said they have noted improvement in worker productivity, none reported decreases 94 percent of managers said they have noticed higher satisfaction levels after green projects 83 percent of tenants believe they have a healthier indoor environment as a result of green efforts.
"This study underscores the viability of sustainable buildings as smart investments," said Dave Pogue, CBRE's national director of Sustainability, Institutional and Corporate Services, in a statement. "In addition to the higher occupancy and rental rates we've seen throughout the study's two-year history, the study demonstrates that sustainable practices yield measurably better investment fundamentals."
More information about how to obtain the study is available at http://construction.com/market_research/
Image CC licensed by Flickr user SqueakyMarmot.