Per this JLL article, soaring demand for sustainable / low carbon offices will outstrip supply.
– Green-certified buildings enjoy the following premiums
+7.1% in North America
+11.6% in London
+9.9% in Asia
So, the question – Is your building certified sustainable?
Answer – Probably not.
Reason – You have run the numbers and the cost of most building-certifications produce a negative ROI, even with the above increases in rent.
What if we told you that those building-centric certifications are energy-efficiency certifications, not sustainability certifications? And, what if we told you there is a better way?
Discussion:
How many entities can be certified in a 100-tenant building via a building certification?
Answer: 1 (the building)
How many entities can be certified in a 100-tenant building via a business certification?
Answer – 101 (the building and every tenant)
Who pays for the building certification?
Answer – You
Who pays for the business certification?
The business (ie, your tenants)
What is more impactful for a business to say?
- “I lease space in a certified energy efficient building” – nope
- “My company is a certified sustainable business” – yep
What is going to motivate a tenant to renew?
- Having a lease in your certified energy efficient building – nope
- Having a certified sustainable business that was certified in the space in your building – yep
What is going to meet Scope 3 mandates and government regulations?
- Leasing space in a certified energy efficient building – nope
- Being a certified sustainable company – yep
What is the more respected and also the larger standard?
- The building-centric energy-efficient program – nope
- The business-centric sustainability program – yep
What is less expensive?
- The building-centric energy-efficient program – nope
- The business-centric sustainability program – yep
What delivers the greatest ROI to both landlord and tenant?
- The building-centric energy-efficient program – nope
- The business-centric sustainability program – yep
If you would like to learn more, watch this master class, then contact us.