The Importance of Sustainability in Commercial Real Estate Industry

The property industry represents one ninth of Australia’s GDP (the largest of any sector), employs 1.1 million Australians (more than mining and manufacturing combined) and generates $72 billion in tax revenues to fund community services. This means that sustainability in the real estate sector affects a lot of people and businesses.

 We commonly speak of sustainability at the residential level. It is common to hear about recycling, rain water harvesting and energy alternatives for homeowners. But what about sustainability in the commercial real estate industry?

Large business centres are inhabited by thousands of people during the work hours. Business areas are high on energy and water consumption. Over the years, businesses have understood that going green isn’t just a philanthropic decision. There are many cost benefits to it.

To meet the environmental standards and derive competitive gains, it is important to incorporate sustainability into commercial real estate sector as well.

ProjectLink has listed out some of the latest trends and advantages to drive real estate developers to include sustainable concepts in their designs. Be in know to realize more benefits from sustainability.
 

Source: https://www.projectlink.com.au/blog/sustainability-in-commercial-real-estate/