There are many ways that a property owner can take a proactive approach to being environmentally responsible, and at the same time make sure that the property remains viable and profitable. Not only are the steps that can be taken tangible and physical, but psychological as well. Most important in the whole process is the ability to attract tenants, and more and more tenants are looking for owner’s that provide excellent buildings and services, but do so in an environmentally responsible way.
For new developments, this task is a little easier because the environmental activities can be planned and budgeted from the beginning. For existing buildings, smart property management can be adopted that review and implement a whole range of initiatives that slowly make the building more environmentally friendly.
It is possible that a formal assessment can be undertaken by the property management company if the owner so desires. However, in the absence of that formal assessment, a really good property manager would be considering this from a business and social responsibility angle quite naturally. Among the potential items that would be under review are the following:
Overall, while not always considered a direct influence on the health of a business, environmental factors do have a number of benefits including direct costs savings, increased productivity, employee attraction and retention, and newsworthiness in media – something that can be leveraged since not that many building owners have converted to this way of thinking, just yet.
Armadale Property Management likes to take the lead in this kind of initiative and innovation, and while not actively pushing the environmentally friendly approach, will always be ready to discuss this kind of initiative with a building owner that is environmentally inclined. It may turn out to be a remarkably valuable piece of your business arsenal.