A Case for Green Development
An Untraditional Approach to Generating Traditional Economic Returns
Since its primary emergence in the United States in the early 1970s, public opinion and subsequent policy at the local, state, and federal levels has slowly evolved to recognize the importance and benefits of green development. As a result, more and more focus is being put on building and developing our communities in a way that is in harmony with our natural environment, social and cultural preferences, and in a way that recognizes and respects the limitations of our natural environment.
The following article looks at key aspects and pillars of green development, in addition to focusing on a broad range of economic considerations relevant to the practice. Topics include a general overview of green certification programs, green development’s impact on the sustainable building material manufacturing industry, adoption and real estate growth in green-certified multi-family and office real estate, and real estate market investment in sustainable building portfolios. Together, these topic areas tell the story of how green development can promote economic growth and resiliency while also promoting environmental stewardship and sustainability.
- 2021-02-23 (2)
- 2021-02-02 (1)
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