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Greening of Building Portfolios Remains a Priority For Commercial Real Estate Industry, Study Finds
Despite a faltering economy, commercial building owners are continuing to allocate funds and resources to green their portfolios. More than 80 percent of respondents have allocated funds to green initiatives this year, while 45 percent said that their sustainability investment will increase in 2009, according to the survey.
The 2008 Green Survey: Existing Buildings also found that energy conservation is the most widely implemented green program in respondent properties, followed by recycling, water conservation and ENERGY STAR product programs.
Almost 70 percent of survey respondents have implemented some type of benchmarking system to monitor energy usage and efficiency, while 80 percent say that their energy efficiency efforts have helped defray rising energy costs.
Of those polled, 60 percent offer educational programs to assist tenants in implementing green programs, up from 49.4 percent last year.
Almost 65 percent of respondents feel that their green investments have generated a positive ROI, up from 60.8 percent in 2007.
The survey was conducted by Incisive Media’s Real Estate Forum, the Building Owners and Managers Association (BOMA) International and the US Green Building Council.