Commerical office tenants want green

Commerical office tenants want green

GE Capital Real Estate survey shows value of sustainability initiatives

Green building initiatives are a key influencer when tenants decide to sign a commercial real estate lease, according to an international survey by GE Capital Real Estate. The survey, conducted over the past year, included more than 2,220 tenants at offices in the UK, U.S., Canada, France, Germany, Sweden, Spain and Japan. An average of 50% of those polled said green building initiatives are a high priority.

 

Japan (59%), Canada (52%) and Sweden (52%) placed the greatest importance on green building practices, compared with only 43% in the U.S., the lowest of the countries surveyed.

 

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The survey also covered energy certifications. In the survey, only 40% of U.S. tenants rated energy certifications “valuable”. However, in Sweden (51%), the UK (46%) and Spain (46%) tenants see energy certifications like LEED and BREEAM as valuable factors in their building choice. 

 

Energy efficiency, the survey said, remains the No. 1 priority for tenants in most countries, followed by waste reduction programs. In some markets, indoor air quality is also extremely important.

 

“We’ve seen distinct and increasing interest in sustainability across our global tenant base,” said Michael Rowan, president, Global Asset Management at GE Capital Real Estate.

 

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Posted by Julie Tucker

 

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About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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