http://www.environmentalleader.com/2007/05/18/many-real-estate-pros-not-sold-on-green-design/ The Executive's Daily Green Briefing Sun, 22 Nov 2009 21:02:52 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://www.environmentalleader.com/2007/05/18/many-real-estate-pros-not-sold-on-green-design/comment-page-1/#comment-7492 Michael McAteer Thu, 23 Aug 2007 22:49:17 +0000 http://www.environmentalleader.com/2007/05/18/many-real-estate-pros-not-sold-on-green-design/#comment-7492 Admittedly one of the barrers facing green design that inhibits better performing buildings is indeed the split incentive - people making the investment for better design do not realize the benefits. However once owners treat their buildings as an asset and improve the performance of the asset it is worth more- sell it tomorow for more value than they paid for it or creatively use the lower operating costs to lure tenants with lower cost leases - those making the investment then reap the benefit. Admittedly one of the barrers facing green design that inhibits better performing buildings is indeed the split incentive – people making the investment for better design do not realize the benefits. However once owners treat their buildings as an asset and improve the performance of the asset it is worth more- sell it tomorow for more value than they paid for it or creatively use the lower operating costs to lure tenants with lower cost leases – those making the investment then reap the benefit.

]]> http://www.environmentalleader.com/2007/05/18/many-real-estate-pros-not-sold-on-green-design/comment-page-1/#comment-477 Joe Dischinger Fri, 18 May 2007 20:21:15 +0000 http://www.environmentalleader.com/2007/05/18/many-real-estate-pros-not-sold-on-green-design/#comment-477 The problem is not that the cost-effectiveness of green construction is still a matter of debate. There is still some debate about the cost-effectiveness of certain elements of green construction, but the real problem is that the developers of both residential and commercial buildings are usually not the long-term owners of green buildings, and it is difficult for them to recover the up-front investments that are needed to do green construction. The problem is not that the cost-effectiveness of green construction is still a matter of debate. There is still some debate about the cost-effectiveness of certain elements of green construction, but the real problem is that the developers of both residential and commercial buildings are usually not the long-term owners of green buildings, and it is difficult for them to recover the up-front investments that are needed to do green construction.

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