In the last few years, there’s been a lot of attention going towards sustainability. Eco-efficiency is now a leading element of commercial real estate’s development, and it’s changing the way the industry works. Sustainability is providing CRE with creative solutions that benefit both our society and the planet.
Don’t make the mistake of thinking that going
green is just a fad. As it’s revisioning the world around us, it’s clear that
sustainability is here to stay. Still not convinced? Check out these 3 points
that highlight the utility, appeal, and longevity of sustainable design.
Meeting
Consumer Demands
Today’s consumers are aware, active, and ready
to take a stance on sustainability. In order to best meet contemporary needs,
eco-friendly design is a must. Futera’s recent report shows that people
believe that their decisions truly make a difference. When surveying 1,000
consumers in the USA and UK, 96% of respondents feel that their actions can
have a tangible impact on our world as a whole.
This kind of individual involvement is a huge
motivator for CRE, and it’s leading developers and investors to place
sustainability at the forefront of their asset’s designs.
There’s a large demographic of commercial
clients who are strictly shopping for efficiency, and the only way to appeal to
this market is by providing sustainable options. Not only will this elevate you
above competitors, but it also broadens the sales funnel with prospective
clients.
Financial
Benefits of Going Green
There’s more to sustainable designs than just
attracting eco-conscious tenants. The benefits extend into the financial sphere
- which tends to speak louder than words. There is a multitude of opportunities
available to sustainably-driven projects, and this motivates property owners
and builders to re-think their design plans.
There are significant financial perks that
come along with building a sustainable property, and more and more developers
are interested in these opportunities. Local and national governments, NGO’s,
and other environmental groups provide grants and loans for eligible
eco-efficient trailblazers.
In many cases, these grants can cover the
costs of building, installations, and maintenance. These financial benefits are
so appealing that they’re motivating projects to take a sustainable approach -
even if it’s only to qualify for the monetary aid.
In today’s world, choosing sustainability is a
smart business move. If you’re looking to get these unignorable benefits,
consider making more wholesome design choices.
Paving
the Way Into the Future
There’s no denying it - sustainability is the
future. According to Tim Grosse, Founder of E Squared Energy
Advisors, “Energy and sustainability work together to boost your
top-line revenue growth and your profitability at the same time. Your business
can ride this tsunami wave by gaining market share from the rapidly growing
number of environmentally responsible consumers, or your business can lag the market
and peers by ignoring this trend.”
The Nielsen Report says it best - “No matter what,
sustainability is no longer a niche play: your bottom-line and brand growth
depend on it."
CRE pros, you heard it - it’s time to start
accounting for sustainability in your design plans. For more industry-leading
trends, explore our blog.
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