Jodi Summers = Green Real Estate ? GREEN BUILDING RETURNS ...

March 13, 2012 on 12:25 am | In Curious, Green Building, Green Workplace, Trends, U.S. Government, Uncategorized | No Comments

by Jodi Summers

The government has been a leader in making its buildings green, using its long time horizon to make the energy investments pay for themselves. As far as going green goes, what works for the government often does not work for the private sector. Business expects to see a return on investment in the two-year time frame, not the 6-to-20 years the government will wait.

The Better Buildings Challenge aims to stimulate the private sector. While there is plenty of anecdotal evidence about the energy efficiency and desirability of green building ?there still isn?t enough data to factor the added value of green into appraisal and lending processes,? notes Eric Bloom of Pike Research.

Just 0.2% of the five million commercial buildings in the U.S. are certified green, making it hard to do an accurate comparison, observes Pike Research. What is true of Class A space in New York, Los Angeles or San Francisco isn?t necessarily the case in the Dallas, DeKalb, Duluth or Des Moines where energy costs are lower and corporate environmental responsibility is not as motivating as the bottom line.

Currently the U.S. Government is in green building overdriving. Pike Research estimates that the market for greening of commercial buildings will increase to $100 billion by 2017.

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http://www.cnbc.com/id/45674076

http://www.socalofficerealestateblog.com/?p=2031

http://www.socalmultiunitrealestateblog.com/wp-content/uploads/2011/11/smart-government-buildings.jpg

Source: http://www.socalgreenrealestateblog.com/?p=1911

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