sustainable buildings show promising future

Posted November 1st, 2015 in Announcements

Recent research from Prof. Avis Devine at the University of Guelph has shown that environmentally friendly and sustainable housing and commercial buildings prove a benefit for both landlords AND tenants! The results from the study have shown that although tenants will face slightly higher rent prices, they will ultimately have a higher level of satisfaction while helping to save the environment.

Here are some interesting statistics from the study:

  • Rents on average are 3.7 per cent higher;
  • Occupancy rates were 18.7 per cent higher in Canada and 9.5 per cent higher in the U.S.;
  • Tenant renewal rates were 5.6 per cent higher in Canada;
  • Tenant satisfaction scores were 7 per cent higher in Canada; and
  • Energy consumption per square foot was 14 per cent lower in the U.S.

To find out more and to read the story in full detail you can find the article here: http://news.uoguelph.ca/2015/10/green-buildings-bring-in-more-green/

 

Comments