Top 7 reasons property managers should obtain green building certifications

If you’re a property manager, green building certifications are likely on your radar. Green building certification systems are industry standard programs used to assess a building’s sustainability performance. Being certified comes with a host of benefits – keep reading to discover 7 reasons why you should pursue green building certifications for your property.

Did you know nature-based solutions like bee habitats and gardens can earn points towards major green building certifications like LEED, BREEAM, BOMA 360, BOMA BEST, and more? See how

1. ENVIRONMENTAL SUSTAINABILITY

First and foremost, green building certifications recognize a building’s sustainability performance. This can include energy efficiency, water conservation, waste reduction, and biodiversity preservation. By taking the necessary steps to obtain a green building certification, you’re contributing to the global effort of promoting a more sustainable future.

2. INCREASED PROPERTY VALUE

Green building certifications can enhance the market value of a property. Certified buildings tend to have higher resale values and increased rental rates compared to non-certified buildings. The certifications serve as evidence of your property’s superior performance, environmental responsibility, and potential for long-term savings, attracting environmentally-conscious tenants and investors.

3. COST SAVINGS

Green buildings are designed to be more energy-efficient and resource-efficient, which can result in significant cost savings over time. Green building certifications often encourage the implementation of energy-saving technologies, such as efficient lighting systems, HVAC systems, and insulation. These improvements can lead to reduced utility expenses and operational costs, benefiting both property owners and tenants.

4. TENANT ATTRACTION AND RETENTION

Certified green buildings are increasingly sought after by tenants who prioritize sustainable and healthy living environments. These certifications demonstrate a commitment to providing a high-quality, environmentally-conscious space that promotes tenant well-being. Certified green buildings tend to report higher tenant satisfaction and lower turnover and vacancy rates.

5. PUBLIC IMAGE AND REPUTATION

Adopting sustainable practices and achieving certifications is an effective way to showcase your commitment to environmental stewardship, corporate social responsibility, and community well-being. This in turn will positively impact your organization’s reputation, which can attract media attention and environmentally-conscious tenants and investors.

6. REGULATORY COMPLIANCE AND FUTURE-PROOFING

Green building certifications often align with and exceed existing building codes and regulations. By obtaining certification, you ensure compliance with current and future environmental regulations and standards. This proactive approach helps future-proof your property against potential changes in legislation – which is key in an evolving regulatory landscape.

7. HEALTH AND WELL-BEING

Green building certifications prioritize tenant health and well-being, whether by promoting indoor air quality, using non-toxic materials, or providing connection to nature in the city. Certified buildings provide healthier indoor environments that can lead to improved tenant comfort, happiness, and even productivity.

A study in the UK found that employees working in offices with natural greenery saw a 15% rise in productivity over a three month period, compared to those working with no natural elements in their environment.