Making sustainability last: Shifting from sustainability to durability
The construction sector has one of the highest carbon footprints of any industry, and investors are more aware than ever of the impact a building has on the environment.
To reduce regional carbon footprints many local governments all over the world have passed regulations designed to make buildings energy efficient. As a result, the need for “sustainable” offices and residential buildings has been rapidly rising over the last few years.
However, new laws are only one reason for real estate investors to start implementing sustainability strategies. Tenants are also much more focused on sustainability, but for different reasons. For them, it means office buildings or residential complexes that are not only energy efficient but also convenient, conducive to creative thinking, and supportive of a healthy lifestyle. The popularity of centrally-located all-amenities-included office spaces, and high-quality luxury residential developments, are both prime examples of this