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Daily Real Estate News | November 10, 2009 | Corporate RE Executives Like Sustainability
More than 70 percent of corporate real estate executives see environmental sustainability as a critical business issue and are willing to invest in refurbishing buildings they own to meet sustainability goals, according to a survey of executives whose companies drive demand for office space.

The survey of 231 corporate real estate executives by CoreNet Global and Jones Lang LaSalle had these key findings:

89 percent consider sustainability criteria in their location decisions.

41 percent always consider green building certifications and 46 consider energy labels in administering their properties.

74 percent say they are willing to pay a premium to retrofit space that they own for sustainability criteria.

21 percent would only pay more rent for sustainable space if it was offset by lower operating costs, while 8 percent expect to pay less and 34 percent want to pay the same.

60 percent are adopting workplace strategies to meet sustainability goals while reducing overall occupancy costs.

Source: CoreNet Global and Jones Lang LaSalle (11/09/2009)