Business Benefits - Higher return on investment
Green buildings also deliver a higher return on investment. The McGraw Hill Construction Report (2007) found that building green increases a property's values by 7.5% and improves the return on investment by 6.6%.
The Royal Institution of Chartered Surveyors' report, Green Value: Growing Buildings, Growing Assets (2006) confirms this, revealing that green building practices improve an asset's value by securing tenants more quickly, commanding higher rents or prices, enjoying lower tenant turnover, costing less to operate and maintain, attracting grants, subsidies and other inducements, and improving business productivity for occupants, which affects churn, renewals, inducements and fitting out costs.
The return on investment is not just impressive for office buildings. One international review of 30 sustainable schools, Greening America's Schools: Costs and Benefits (2006), found that green schools save an average of US$100,000 a year - enough to buy 200 new computers or 5,000 new textbooks.
In This Section
- What is Green Star?Fri 15 Jun 2012
- Commercial Building Disclosure schemeTue 31 May 2011
- BackgroundWed 1 Apr 2009
- Green Star rating tool categoriesWed 1 Apr 2009
- Green Star rating calculationWed 26 Mar 2008
- Development of Green Star rating toolsThu 19 Jun 2008
- Business Benefits - Lower operating costsWed 20 May 2009
- Business Benefits - Higher return on investmentWed 20 May 2009
- Business Benefits - Greater Tenant AttractionWed 20 May 2009
- Business Benefits - Enhanced marketabilityWed 20 May 2009