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Commercial Tenants Look to Go Green

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energy efficiency  Commercial Property Leases  Energy Efficient Buildings  Michael Rowan  GE Capital Real Estate 

Commercial Tenants Look to Go Green

By - Wednesday 15 December 2010

Eco-friendly investments are attracting a growing deal of interest, with a recent survey suggesting that green building initiatives are a key influencer when tenants look to sign commercial real estate leases.

According to a study by GE Capital Real Estate which polled tenants residing in offices in the US, Canada, France, Germany, Sweden, the UK, Spain and Japan, an average of 50 per cent of respondents said that green building initiatives are a high priority.

Green building practices include energy efficiency measures, recycling and waste reduction programs, water conservation practices, rebate sharing information and indoor environmental quality controls, including efficient building ventilation, the organisation explained.

Energy efficiency, the survey said, remains the primary priority for tenants in most countries, followed by waste reduction programs. In some markets, indoor air quality is also extremely important.

"We've seen distinct and increasing interest in sustainability across our global tenant base," said Michael Rowan, president of global asset management at GE Capital Real Estate.

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