Higher Demand for Energy Efficient Offices

INCREASINGLY commercial tenants are demanding office buildings that are energy efficient according to research from PricewaterhouseCoopers (PwC) and the Urban Land Institute.

The research involved the views of 600 real estate experts, revealing that sustainability will be more marketable this year as inefficient office buildings are becoming far less popular.

The report states that investors believe "green is the new standard" as tenants look for ways to reduce energy bills and lower their business carbon footprint.

Malcolm Preston, partner in sustainability and climate change at PwC commented: "Increasingly the investment decision is not based on environmental issues alone, it's become an economically rational choice for businesses, when you consider the returns from energy efficiency driven by the green agenda,"

The UK’s Carbon Trust have reported that keeping a computer and monitor on 24 hours a day can cost a business more than £50($80) a year in bills, but this can be cut to £15($24) just by turning it off out of hours and enabling standby mode.

Thursday 10th February 2011

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