Despite not following the Kyoto Protocol, America still gives back to Mother Nature by moving into green real estate. Not only does this mean a boost in the amount of construction supplies businesses with green friendly produce, it also pertains to foreign nationals buying a piece of green real estate.
According to real estate news, organizations like JPMorgan Chase, IBM Corp., Goldman Sachs and Toyota Motor have already made their move towards nature friendly properties. Aside from that, there are other companies such as Accenture and Bank of America are on its way to getting themselves their own office buildings made from green construction materials. It doesn?t matter whether through construction or leasing, the said companies are resolved to go green.
Perhaps due to constant information dissemination about global warming along with other environment-related dilemmas, green real estate is slowly becoming one of the fastest emerging sectors of an already booming industry of commercial properties. Based on recent reports about the market, approximately 5% of the latest commercial structures all over the Unites States have received the LEED, or Leadership in Energy and Environmental Design certification just||as of last year. Approximately ten percent more are to follow by next year. This doesn?t even take into account residential properties, that are also seen to go through a change.
Furthermore, the occurring change is moving not only with new buildings, but also with the existing buildings as well. Developers like the Durst Organization and Hines are cutting half-empty office buildings and then putting them under renovation. Almost everything is renovated to nature friendly standards. This is done to accumulate rent by 3% higher compared to the previous rate and in order to increase the property?s worth by 7.5%.
Real estate news further states that as well as a viable increase in rent, green buildings are also used because they can save up to ten percent in utility expenditure per year. A handful of the already existing green structures use up forty two percent less energy and consumes thirty-four percent less water compared to traditionally built properties. Even more so, as improvements on sustainable materials continues, environment friendly constructions are predicted to be cheaper.
Thus, aspiring investors are suggested to invest on this sector of the market. The easiest method is to contact the best and the largest eco-friendly buildings company such as GE Real Estate and Blackstone Group.