Corporate Real Estate Chiefs Join the Green Building Revolution!
According to a survey by CoreNet Global, the corporate real estate organization, most companies are willing to pay for sustainable real estate solutions. Seventy-seven percent say they are willing to pay a premium for sustainability and 22 percent expect to pay the same.
Seventy-nine percent (79%) of respondents to a recent CoreNet Global and Jones Lang LaSalle survey say that sustainability is a near-term business issue that’s important today, or will be in the next 1-2 years. The international corporate real estate organization, CoreNet Global, and Jones Lang LaSalle queried more than 2300 attendees of CoreNet Global Summits on four continents in recent months.
According to the survey, most companies are willing to pay for sustainable real estate solutions. Seventy-seven percent say they are willing to pay a premium for sustainability and 22 percent expect to pay the same. But there’s also a gap between what sustainable real estate solutions actually cost and the perception of what they will cost. 74% thought that the “green premium” was 5% or more, whereas studies indicate that designing buildings energy-efficiently, or building them to LEED certification, will cost about 1-5 percent more than conventional construction, and the incremental cost is falling.
See the full story at Environmental Leader, one of the best edited newsletters covering the corporate sustainability movement.
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