Green buildings are great for the environment, but there are also economic and health incentives for construction businesses and developers that invest in it.
Client demand is one of the top triggers driving green building activity in North America, even more so than environmental regulations. Those who own these properties tend to attract better tenants, secure longer leases and experience fewer vacancies. They also enhance their public image by promoting eco-friendly initiatives.
The demand for green buildings stems from their value, too. There has been steady growth since 2012 in the number of owners who see a 10 percent or greater increase in asset value for new green buildings. Investors who buy now and sell later will likely secure a substantial profit.