BOMA International Study Details Increasing Environmental Awareness and Investment by Commercial Real Estate Industry.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- A new national survey of the commercial real estate sector reveals that nearly two-thirds of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. have allocated funds to green initiatives, while the majority said that their sustainability investment will increase in 2008. Findings of the study by the Building Owners and Managers Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products. ) International, ALM's Real Estate Media Division, and the US Green Building Council were released today at Greenbuild 2007, the annual conference and expo sponsored by the USGBC USGBC United States Green Building Council . Complete reporting on the survey will appear in the November issue of Real Estate Forum magazine, online at GlobeSt.com (www.globest.com) and in the January/February issue of The BOMA Magazine. Other findings included the following: --Green buildings boast occupancy rates Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) between 75% and 100% for a majority of those responding. For 21% of respondents, the increase is due directly to green initiatives. -- 60.8% of responding executives claimed a return on their green investment. -- Respondents were almost evenly split on whether local municipalities should mandate energy efficiency in buildings. Many felt that any mandate should be offset by incentives or apply only to new construction. --Maintaining a green building is not typically more expensive than a comparable non-green building asset. The survey focused on the application of green methodologies and technologies in existing commercial buildings, and on the financial and marketing benefits of these efforts. It was distributed to REM's national database of ownership, investment and operational entities, as well as to BOMA's national membership. |
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