Sustainable Buildings Attract Tenants

Sustainability Buildings

Thinking about constructing a commercial building or have grand ideas for the one you already own? You might want to consider how your building affects the environment. In 2015, sustainable buildings in the commercial sector were expected to triple, accounting for $120 billion to $145 billion in new construction and $14 billion to $18 billion in major retrofit and renovation projects, according to Forbes. What was once a niche market is now mainstream.

Moreover, with good reason. A sustainable building can help you attract and retain tenants at a higher rental and occupancy rate. Many tenants are willing to pay a premium for space in eco-friendly buildings because of the lower operating costs, higher worker productivity and reputational benefits associated with their superior environmental performance. According to a recent analysis by Lux Research, buildings with LEED Gold certification outperform their peers. For example, higher rental income added $4.1 million in value to a model 80,000 ft2 commercial building in Los Angeles.

What Exactly is a Sustainable Building?

Sustainable buildings are certified by third-party verifiers as demonstrating superior environmental performance and resource efficiency, often emphasising energy-efficient heating, ventilation and air conditioning, windows, lighting and plumbing fixtures. Not only can buildings be green because of how they’re made, LEED credits can also be earned as a result of the products used within. For example, paper towels made with recycled content or Green Seal™ certified cleaning chemicals can help you earn credits. So it is not just for new builds. LEED for Existing Buildings and Maintenance is poised to expand exponentially.

Attracts Clients with Sustainability

Your tenants will be even happier in your building when they see a boost in sales. In a recent Nielsen global survey on corporate social responsibility, more than half said they are willing to pay extra for products and services produced or offered by companies that are committed to positive social and environmental impact.

Where to Start

Does this all sound too intimidating? Start small with these EPA-Compliant trash can liners or coreless toilet paper. Ready to go big? Here are 9 Ways to Make Your Company More Sustainable.

At HP Products, we have sustainability experts who will work with you to establish a healthy and safe environment. Contact us for more information about sustainable solutions and we’ll put you in touch with one of our certified CIMS – I.C.E. Professionals to start getting your facility on its way to sustainability!

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