The buildings in which we live, work, and play protect us from nature's extremes, yet they also affect our health and environment in many ways. As people become more aware of the impact buildings on the environment, green building is gaining momentum.
Buildings account for about 40% of the world total carbon emissions and the construction and operation of the buildings in which we live and work are responsible for the consumption of many of earth’s natural resources. Green building represents one of the most significant opportunities for sustainable growth and helps to pass on a world fit to live in for future generations.
In the past, building green had been perceived to add to a developer’s risk because it introduced another level of complexity into a building, required new or unproven technologies, cost more initially, and was generally beyond the scope of what developers were used to. That is no longer true – providing you use an experienced company like Prodesign. A common impression about green building is that the green premium is too expensive to be considered economically viable. However, studies have shown that the costs of green buildings are not greatly higher than more traditional development projects. Higher construction costs can generally be avoided by the inclusion of green design from the outset of the project. Additionally, green buildings provide an assortment of economic advantages.
The advantages of green buildings to developers
Low running costs
Green buildings save money through reduced energy and water use and lower longterm operational and maintenance costs. Energy savings typically exceed any design and construction cost premiums within a reasonable payback period. For developers, it is a plus point in attracting buyers.
There is widespread evidence that green buildings attract higher rents and also enjoy higher rates of rental growth; the premium rent can be as high as 10% above market rates.
…seeking better staff
Tenants are using green buildings as a way to recruit and retain the best people in their business. More, green design can improve worker productivity and occupant health and well-being, resulting in bottom line benefits for businesses. And tenants who care about staff welfare tend to be more responsible in other ways.The US Green Building Council states that “LEED-certified buildings with lower operating costs and better indoor environmental quality are more attractive to a growing group of corporate, public and individual buyers. High performing building features will increasingly enter into tenants' decisions about leasing space and into buyers' decisions about purchasing properties and homes.”