Going Green: Having An Inefficient Commercial Property Could Cost You

Going Green: Having An Inefficient Commercial Property Could Cost You

You want well-paying, reliable tenants with cooperative character features and you want to keep them around. Applying green, energy-efficient strategies for your commercial property is one of the ways to draw this profile of tenants. It is also one of the skills you want your management service to possess. If you haven’t yet fully grasped the importance of green technology, here are a couple of facts you should know.

Green Buildings are In-Demand

Over 90% of tenants have said to prefer living in a green building. Nowadays, people care more about the environment and put more efforts into sustainability. But they care about their pockets as well. Green strategies and improvements, from installing recycling bins and dumpsters to installing better-quality insulation don’t just save natural resources, they also save money on utility bills. Tenants will always choose those rentals that are energy-efficient and lower-cost to run a business.

In particular, commercial property tenants will want a “green” tag attached to their business. As management service provider, you must understand that the location and environment awareness are what makes a business popular and reputable.

Tenants are Watching for Every Little Detail

Rest assured your tenants pay attention to the smallest of details that make a property sustainable. From ceiling and energy-efficient heating and cooling systems to water saving strategies. They’ll notice if the electric appliances and gear used to maintain the building is eco-friendly or not. As a commercial property owner, either you or your management service provider should look into a couple of important improvements:

  • Better insulation, which saves electricity otherwise spent on heating and cooling.
  • Space efficiency, which determines if the square footage paid for is used to the fullest. Tenants don’t want to pay for space they don’t need or aren’t able to use. By structuring the property for only necessary space to be maintained, you’ll save the tenant’s utility costs, and yourself a chunk of regular maintenance costs.
  • Energy efficiency. There’s no shortage of strategies for the property to spend less electricity. From using LED lights and installations that dim or turn off automatically if there’s no one present, to thicker blinds and solar panels to produce your own electricity, there’s a richness in possibilities to use cutting-edge innovations to contribute to sustainability. And your tenants know it.
  • Environmental safety. Are all of the machines and appliances on the property designed to not pollute the air, soil, and water? If not, replace them as soon as possible. Tenants will notice if the containers in the basement are leaking toxic substances, and will have something to say about non-biodegradable cleaners. From the legal perspective, going green also protects you from liability in case of accidents.

Feeling Lost About Going Green? Latitude is Here to Help

Converting the property to a sustainable one requires balancing between the budget, the individual capacity of the property and the improvements that are applicable to each individual space. Latitude knows all the methods to improving sustainability in commercial properties. We also communicate with service providers and electrics suppliers who specialize in selling green appliances and tools. If you want to maximize the profits, as well as draw reliable, long-term commercial tenants, hire commercial property management contractors who understand the principles of the sustainable living, as well as possess skills and resources to install new technologies.