What is greener real estate?
Broadly defined, the term “greener real estate” describes an environmentally and socially responsible perspective of land, anything permanently affixed to it such as buildings, and the related business of real estate. This greener perspective can be summarized in three main elements:
- Efficiency and reduced use of energy, water and materials
- Health as it relates to a place’s occupants, surroundings and the stewardship of the environment
- Cost and value, including initial and ongoing equations