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Fig.1 Economic Benefits of Green Real Estate Development. Source: Sustainability is the Future for Commercial Real Estate. www.corporateclimate.net.
The evidence provided by these three reports acts as a compelling social, environmental, and economic call for modern property developers to elect to pursue green development practices in their business. Whether it be the monumentally important environmental effects which green development can have upon society such asaccording to the EPA reportthe diversion of millions of tons of waste materials from landfills due to green construction methods or increasing worker productivity due to the use of natural lights, or the astounding financial profits which developers can achieve by going green, We can see the benefits outweigh the initial financial barriers. These financial benefits are derived both from the continuously increasing demand for green structures, lower maintenance costs, and higher sales prices. As developers, and members of the Urban Land Institute, you have a responsibility to not only achieve financial success but better the environment and the communities in which you develop. I believe, due to the evidence provided, that sustainable development can help you achieve all of these criteria, making you not only more profitable and environmentally beneficial, but also help you fulfill the primary goal of the ULI: to better communities, the environment, and the profession of property development.
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Bibliography
Deluca, Frank A. "Environmental Leader." Environmental Leader RSS. N.p., 12 Mar. 2012. Web. 25 Nov. 2012 Eisner, Caroline Ed. "Building Green for the Future: Case Studies of Sustainable Development in Michigan." Environmental Protection Agency. PDF Document. N.p., n.d. Web. 25 Nov. 2012. Schein, Jonathan A. "When Does Green Real Estate Development Finally Take Hold?" The Huffington Post. TheHuffingtonPost.com, 10 Nov. 2009. Web. 25 Nov. 2012. "Sustainability Is the Future for Commercial Real Estate." Corporate Climate. N.p., n.d. Web. 25 Nov. 2012. "What Is Sustainable Real Estate Development." Sustainable Development Info. N.p., 28 Sept. 2012. Web. 25 Nov. 2012.