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Panel: High Impact Productivity With Sustainability

IRVINE, CA-Productivity may be a driving force for sustainable developing efforts, so says CB Richard Ellis' "Do Green Buildings Make Dollars and Sense" discussion panel.

By Debra Hazel | Updated on December 17, 2009

Green buildings may not save as much in operating costs for their builders and managers as originally thought, but increased productivity will compel tenant demand for sustainability, according to the speakers at “Do Green Buildings Make Dollars and Sense,” a discussion of the results of a survey of CB Richard Ellis office tenants.

While operating costs roughly were the same as non-sustainable buildings at $10 per square foot to $12 per square foot, occupancy was significantly higher–3.5%–in green buildings. In addition, tenants realize significant productivity gains–and landlords see higher rents, the survey said.

“We were surprised that operating expenses weren’t lower. We’ve been touting that. But what also is surprising is how impactful the productivity is,” said David Pogue, national director of sustainability for Los Angeles-based CBRE. “We didn’t get the economic benefit we thought we would–but we did get it on the tenant side.”

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