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 Commercial Market - Winter 2014 |
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In This Issue Yardi News Yardi Acquires Enerliance YASC Highlights, Santa Barbara, Client News Denholtz Associates Upgrades to Yardi Voyager 7S and the Yardi Commercial Suite Read More» Client in Focus Product & Technology News Yardi Unveils Yardi Marketplace Industry Trends Investment Drivers Medical Mart EventsSpring YASC 2015 ContactYardi Systems Sales: 800-866-1144
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Commercial Green The recent recession may have been the best thing to happen to sustainable commercial building. During those years, sustainable buildings proved their value: sustainable properties experienced lower vacancy rates; builders with green experience fared better than their counterparts; and businesses began to acknowledge green building and renovation for its cost-saving benefits. The environmental benefits were often received as an afterthought. "During the recession, tenants and landlords tried to save on up-front construction costs, but they realized that by putting sustainable strategies in place, they could really save money in the long run," says Bill Abballe, Program Manager at SouthFace. It's not just green buildings that can cut costs in the commercial sector. The Green Edge report issued by the National Resources Defense Council offers up-to-date, detailed data on the benefits of green infrastructure for commercial developers. Research by Building Owners and Managers Association International (BOMA) asserts that, "implementing sustainable building practices is not a fad, but a proven strategy for reducing costs, enhancing asset value, improving tenant satisfaction and increasing net operating income." Studies by the Green Building Alliance summarize what a variety of sources have confirmed. Properties and communities with green building certifications achieve:
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