Market
Value
Green building is going increasingly mainstream as Fortune 500
companies begin to prioritize green building for their offices. More
than 550 local and state governments have adopted climate change
reduction goals and are seeking green offices. The residential market
is also showing an increasing preference for green building. For
example, while the Denver residential market currently has a 10%
vacancy factor, our green projects (as of August 2007) are 100% leased
and have waiting lists for space.
Beyond the bottom-line, individuals also understand that green
buildings provide healthier environments for their employees and
workforce, and a direct means of combating climate change. Thus, we are
seeing a market appeal for green buildings that is based on a deep
positive motivation to be part of the climate change solution.
“With the
accelerating concern over climate change and solid green
building growth in 2006 behind us, we can now foresee a $30 billion
(construction value) market ahead in 2007. The market interest in green
building is just exploding.”
Jerry
Yudelson, Principal, Yudelson Associates
- Greater health and wellbeing of occupants
(86%)
- Higher building value (79%)
- Higher worker productivity (76%)
- Higher return on investment (63%)
- Higher asking rents (62%)
- Higher occupancy rates (52%)
- Higher retail sales (40%)
We believe that as the market demands for green buildings increase,
that the value for the green buildings will increase.
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Clipper Mill attracts tenants such as
Biohabitats, a conservation planning, ecological restoration and
regenerative design firm
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