Commercial Real Estate

AvatarIdeas, thoughts, and random ramblings of a confessed commercial real estate junkie.

Green Office buildings becoming a reality

Developers see dollar signs behind green ratings

Big companies will pay a premium for eco-sensitive buildings, LORI MAYNE writes


globeandmail.com: Developers see dollar signs behind green ratings

This story in the Globe caught my attention as it's becoming more and more fashionable, and smart, to build green buildings. While these projects are only a drop in the bucket compared to the total amount of office construction going on right now across Canada, it is encouraging to see some of the biggest developers finally realize the returns that can be realized on green construction and systems implementation.

While it may cost more to build this way, the long term return on investment in terms of lower maintenance costs and lower energy costs will be felt for decades. Kudos to these visionaries.