American Companies Opting For Green Real Estate
Regardless of the non-compliance with the Kyoto Protocol, the
United States of America still helps Mother Nature by taking part in
green real estate. This doesn't only mean an increase in the amount of
construction supplies corporations with green friendly products, it also
leads to foreign players having a piece of green properties.
According
to current real estate news, corporations such as Goldman Sachs, IBM
Corp., Toyota Motor, and JPMorgan Chase have already made a move towards
green friendly properties. Aside from that, there are other companies
including Bank of America and Accenture are on its way to getting
themselves their own buildings made using green materials. Whether
through construction or leasing, said companies are determined to go
green.
Maybe it is due to constant information dissemination
regarding global warming as well as other environment-related dilemmas,
green real estate is now becoming one of the fastest growing sectors of
an already booming industry of commercial properties. Based on current
market reports, approximately 5% of new commercial buildings all over
the United States of America have attained the LEED (Leadership in
Energy and Environmental Design) certification just||as of the previous
year. Approximately 10% more are to follow by next year. This statistic
does not even include residential properties, that are also predicted to
undergo a change.
In addition, the change is affecting not just
with new buildings, but also in already existing buildings as well.
Developers such as the Durst Organization as well as Hines are cutting
half empty office buildings then placing them under renovation.
Everything is altered according to eco-friendly standards. This is done
to increase rent by 3% higher compared to the previous charge as well as
amplify the property value by 7.5%.
Real estate news also notes
that aside from a possible increase in rent, these are also utilized
because they can save up to ten percent in utility spending each year. A
number of the already existing green real estate use up forty-two
percent less electricity and it also consumes 34% less water compared to
traditionally constructed properties. More importantly, as innovation
on sustainable materials keeps up, green constructions are predicted to
be more cost-effective.
Thus, aspiring investors are suggested to
invest on this sector of the stock market. The simplest method is to get
in touch with the largest and best green construction company such as
GE Real Estate and Blackstone Group.
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