Real Estate Investor Survey Reveals Momentum for Greening of Commercial Real Estate Industry
11/5/2007NEW YORK (November 5, 2007) -
Penton's National Real Estate Investor and Retail Traffic magazines today reported that corporations and developers are responding to the rising demand for sustainability and energy efficiency in commercial real estate, according to a green building survey published in the November issues of both magazines. More than 84 percent of responding corporate users and 77 percent of developers expect to own, manage or lease at least some green properties in the next five years. The complete survey is available on the Web at www.nreionline.com.
Energy efficiency is important to four out of five respondents when selecting a green building. Water savings were the second most important factor in green site selection for developers (58 percent) and corporate users (53 percent).
"We wanted to nail down the hard numbers on green building and assess industry attitudes," said Sibley Fleming, managing editor of National Real Estate Investor. "We were surprised to learn of a major shift on that front. For instance, the majority of respondents believe that green building requirements will become part of required building codes in the future."
Among the other survey highlights:
- Corporate respondents are willing to pay an average of 4 percent more for LEED-certified buildings, which meet requirements of the U.S. Green Building Council's Leadership in Energy and Environmental Design rating system.
- Currently 52 percent of corporate respondents and 39 percent of developer respondents own, manage or lease some green properties.
- One in four developers say green building increases construction costs by 10 percent or more.
The survey drew responses from nearly 400 corporate users and commercial real estate developers. A chief goal of the survey was to quantify how much green property is currently owned, managed or leased by corporate users and developers, as well as to determine how much is planned for the future. The special report includes such topics as financing, costs, government incentives and rent premiums for green projects.
For more information on survey results, contact Sibley Fleming at (770) 618-0133 or by e-mail at sibley.fleming@penton.com.
National Real Estate Investor's monthly magazine, Web site and e-newsletters bring news and in-depth analysis to 36,000 builders, developers, financial institutions, brokers, corporations and other professionals involved in the commercial real estate industry. For more information, visit www.nreionline.com.
Retail Traffic is the source of information for retailers, developers, investors, architects, designers and other professionals involved in the process of creating and operating retail environments. The monthly magazine's content is supported weekly by the Retail Traffic Online e-newsletter and daily on the magazine's Web site at www.retailtrafficmag.com.
Penton Media, Inc. is the largest independent business-to-business media company
in the U.S., serving more than six million business professionals every month. The company's market-leading brands are focused on 30 industries and include 113 trade magazines, 145 Web sites, 150 industry trade shows and conferences, and more than 500 information data products. Headquartered in New York City, the privately held company is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and its co-investors. For additional information on the company and its businesses, visit www.penton.com.
Wednesday, December 19, 2007
Friday, October 26, 2007
The Future is GREEN-Western North Carolina
The New Economics Foundation, a think tank whose aim is "to improve quality of life by promoting innovative solutions that challenge mainstream thinking on economic, environment and social issues," has issued a Happy Planet Index which combines a country's environmental impact with human well being to show the relative efficiency with which nations convert the planet’s natural resources into long and happy lives for their citizens.
http://greenfuture.blogspot.com/2007/07/happy-planet-index.html
Tuesday, October 2, 2007
Sunday, September 16, 2007
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