Sustainable Buildings are Better Investments, Finds CBRE Group Study
Friday, October 28, 2011
Fmlink.com -- Building owners interested in making their facilities more sustainable may find that doing so is as good for business as it is for the environment. According to an ongoing study of a national office portfolio managed by CBRE Group Inc., formerly known as CB Richard Ellis Group Inc., sustainable buildings generate stronger investment returns than traditional managed properties.
This is the third phase of a multiyear study initiated in 2009 by CBRE, the University of San Diego's Burnham-Moores Center for Real Estate and McGraw-Hill Construction. Reportedly the largest and longest-running research project of its kind, the study benchmarks and measures green building benefits and resulting economic outcomes as a framework of investment criteria for retrofit activity. A full update to the study's 2011 report Do Green Buildings Make Dollars and Sense? is expected to be released later this year. (Full Story)