Reporting from MIPIM 2011:
Green building continues to be a hot topic. And as interest has continued even thru the economic crisis, it would appear the "trend" may be moving into the mainstream. Wednesday's session "Making Green Buildings Pay" addressed sustainability for occupiers.
Operating costs, over a building's life cycle, are approximately 80% of a building's aggregate cost. Developers cannot control interest rates or the price of energy, etc. but can impact energy consumption (running costs).
Tenants, as the drivers of space design, need to see and understand the real economic value, the cost savings, that justify green building investment and share in those benefits from investing in green buildings--one benefit being a positive public image.
Wisconsin MBA students in real estate are reporting from MIPIM. Continue to check this blog for more updates and visit MIPIMworld.