There is no doubt about it, property owners are going green and staying there with their commercial real estate. According to the U.S. Green Building Council, over half of the buildings in many of the nation’s largest cities are certified as green. In fact, while the rest of the real estate market saw failing numbers in the early and mid-2000s, the market for green commercial properties has nearly doubled in just a mere decade. This makes ecologically friendly buildings, or making ecofriendly renovations to an existing building, one of the best investments that you can make as a property owner. Green buildings are here to stay, and here’s why:
The Ecologically Friendly Mindset
There has been a shift in the thinking of many people in our nation. Through education and media coverage, the need to “go green” in as many aspects of life as possible has become more clear. People are swapping out their appliances for newer models that boast the flashy Energy Star and thinking more about their own carbon footprint.
This green mindset translates to the real estate market where buyers are not just seeking ecofriendly homes, but ecofriendly places of business as well. There seems to be some comfort in knowing that the structure you are in works in a way that is good for the environment. Buying this type of property or renovating an existing building is a great way to catch a ride on this fast, lasting track.
People Love Saving Money
One of the biggest reasons why green buildings continued to thrive on the real estate market through the recession was their ability to save owners money in the long term. During the mid- and late 2000s, savvy business owners saw that they could get a green building for rather cheap and save money in the areas of utilities. Many green buildings even offer special perks, like tax incentives. Today, ecofriendly buildings are still saving both owners and tenant’s money thanks to their high efficiency materials. Couple this with energy efficient appliances and you will see some serious savings.
They are Encouraged
Authorities in many cities and states, even on the federal level, encourage property owners to go green and get those coveted Energy Star and LEED certifications for their buildings. Initiatives and movements, like the U.S. Green Building Council, provide useful materials for education and renovation ideas that make it easy for any owner to have a green building. It is clear that the old ways of building and using energy are gone as more and more people seek to transform structures to ones that work better ecologically.
As you scout potential commercial properties for your business, consider buying green or making plans to transform your property into one that is ecologically friendly. This trend is here to stay and will be very rewarding long term. To view properties that are currently on the market, we encourage you to check out our commercial sales and marketing page or contact a representative with First Federal Realty DeSimone today at 702 990-8660.