Three Things to Know Before Entering the “Green” Commercial Real Estate Market

 Posted on December 00, 0000 in Commercial Real Estate

Although the big debate over global warming has made headlines in recent years, the scientific consensus is overwhelming: the planet is getting warmer, and it is happening at an alarming rate. This information, paired with the growth of the “green movement,” has increased the demand for eco-friendly applications in almost every industry. Commercial real estate (CRE) is no exception.

What does it mean to “go green” in the CRE industry, and how can you ensure that you get ahead of this trend? More importantly, how can you increase the chances that your green efforts will be profitable for your real estate company? Learn more in the following sections, including how the assistance of a seasoned CRE attorney can boost your profitability in the green CRE sector.

1. The “Green” Trend is Here to Stay

Despite all of the controversy over global warming, “green” trends are here to stay. Moreover, eco-friendly features are gaining traction within the commercial real estate industry. Part of this could be attributed to demand, but with landlords also seeing benefits from “going green,” its place in the CRE market is being further solidified.

2. Eco-Friendly Features Are Becoming More Affordable for Investors

As the “green movement” gains more traction in the CRE industry (as well as in the United States, as a whole), it becomes a more affordable investment for property managers. In fact, costs for “green features” have plummeted so much that, in some cases, it may be less expensive to implement an eco-friendly feature over an outdated, fossil-fueled one.

3. “Going Green” Can Boost Your Investment Company's Bottom Line

With the cost of green features going down and the imminent savings that investors see after implementing such features, it is no mystery on how “going green” boosts your bottom line; lower costs and long-term savings are the cornerstone for increasing a return on investment (ROI). However, the benefit to your bottom line can also be traced back to a greater demand - and not just among tenants who pride themselves on being eco-friendly. Those who are interested in saving on their utilities, both immediately and in the far distant future, also tend to see the clear benefit in renting a space with “green” features.

Contact Our Naperville Commercial Real Estate Lawyers 

At Lindell & Tessitore, P.C., the goal is not to just help you close a deal. Our seasoned Naperville commercial real estate attorneys want your investment to be a profitable one for years to come. See how we can help improve your bottom line using tailored, competitive legal services in your next commercial real estate transaction. Call 630-778-3818 and schedule a personalized consultation with our offices today.

Sources:

https://www.clevelandjewishnews.com/features/special_sections/real_estate/commercial-real-estate-goes-green/article_c6897296-822f-11e9-adf4-8f85e46e11a2.html

https://www.nationalgeographic.com/environment/global-warming/global-warming-real/