Sustainable? real estate development (or Green real estate) is a thrilling new way to make property healthy and energy-efficient, with better indoor air quality, lighting and temperature controls. All kinds of commercial and home properties can be built or refurbished with green features.
Important new evidence implies that green property frequently delivers superior finance returns and market performance. Also, turning green helps property owners and backers ?future evidence ? their real estate to address new energy conservation laws being implemented in the U.S. And around the planet by countrywide, state, provincial and local governments. Green or sustainable real estate is international and undying.
From the traditional buildings to such surprising examples of 21st century design, sustainable property is built to respect the encircling environment. In the western world, green or sustainable property pertains to a range of construction systems that render the finished structure efficient, with superior natural light and indoor air quality. The utilizing of green or sustainable construction generally generates energy savings of 30 percent or even more.
This is a crucial result, because buildings are a significant power source costs, electricity use, and emissions that will harm air quality. Construction Costs : Increasingly reasonable? green? real estate is sometimes a projected 2 percent more to make than typical property, but growing industry experience continues to drive down costs. Experienced developers can regularly build to green or sustainable standards for a similar cost as typical construction. The data suggests that green or sustainable development real estate often delivers enhanced performance in the market than traditional construction due to high appeal to renters and home purchasers, quicker allowing and executive approvals, shorter lease-up times, lower operating costs and the achievement of top tier leases. Current studies based totally on data developed by CoStar Group, ? one of the premiere commercial real estate info services? confirm that green authorized properties often lead directly to superior occupancy levels, rental rates and sales costs.
- Tulane School of Architecture ? A Masters that gives the tools to develop strategies for addressing the economics, community and the environment as we build and rebuild? communities, towns and cities.
- Columbia University ? The Earth Institute and Columbia University?s School of Continuing Education developed the new Master of Science in Sustainability Management to formally train and educate sustainability practitioners. The program draws upon the most sophisticated environmental measurement tools, cutting-edge environmental science, and world class management and policy studies to help students fully understand the systematic and organizational role of sustainability in any organization.
- Portland State University ? With the support of the Center for Real Estate Development, Portland State University?s School of Business Administration and College of Urban Studies and Planning have joined together to offer the Master of Real Estate Development degree.
- University of Texas Arlington ? The MSRE ? Sustainability concentration provides students an opportunity to obtain a better understanding of the mechanics of sustainable project development and evaluation. In this program, students are exposed to the theory, research, and practical applications of numerous content areas, including investment analysis, appraisal, and sustainable development. Sustainability and development go hand in hand and building green has become the norm in many cities.
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Source: http://www.sustainabledevelopmentinfo.com/what-is-sustainable-real-estate-development/
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