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Sustainability Matters

July 24, 2017 | Upbeat Site Furnishings

Upbeat Site Furnishings is an IREM Executive Level Industry Partner. This article is published on the IREM Blog as part of that partnership.

Responsible development adds business value to properties and communities.

Sustainability is certainly hard to define within the realm of property management, but is no doubt a major contributing factor to the bottom line. Not only are businesses generally encouraged to meet human needs while protecting our natural resources, the following best practices are critical in meeting expectations and retaining quality tenants.

Operational decisions and amenities that result in the efficient use of resources are increasingly popular among tenants and investors. Both residential and commercial real estate developers should be aware of community needs, and promote sustainable living.

These amenities may include, for example:

  • Receptacles for sorting recyclable waste and compost
  • Outdoor furniture made of sustainable materials, such as recycled plastic and metal Recycled plastic bench
  • Bike racks for areas that support alternate modes of transportation

Marketing your location as a “green” property and engaging in sustainable practices can lead to competitive gains. While short-term investments may be challenging for some, the long-term value is becoming undeniable to the industry, as well as global society.

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