Eco-friendly buildings, or green buildings, are a trend that has been growing quickly over the past ten years. Commercial real estate brokers, investors and developers have noticed this trend in their properties as well, especially green offices. Our friends over at Hightower, a leasing management platform, recently published a blog post about green offices and why the trend is growing. Check out an excerpt of their post below, then click on the green button at the bottom of the page to read more about this trend and its growth.
Green building has seen explosive growth in the past decade as more developers and corporations jump on the eco-friendly bandwagon.
There are now nearly 54,000 LEED certified or registered projects in the U.S. spanning some 7.8 billion square feet. The trend will likely continue as commercial owners plan to invest an estimated $960 billion globally between 2013 and 2023 on greening their existing built infrastructure, according to the U.S. Green Building Council. The environmental benefits of green building are clear in terms of creating energy efficiency, improving air and water quality, and conserving natural resources. But, if environmental factors weren’t enough incentive, there is more research proving that green office space can also have a significant impact on quality of life and employee productivity.
More productive employees
Green offices generally offer better air quality and more exposure to natural daylight, which can be key factors in boosting employees’ workplace satisfaction, concentration, health, and overall productivity. In addition to enhancing productivity, green spaces can help to reduce absence due to illness and even reduce company health care costs.
There is also a growing paper trail documenting the positive impact of green office space. In particular, studies on LEED-certified buildings are demonstrating increased recruitment and retention rates and increased productivity benefits for employers…