Once when I was giving a presentation about our (then proposed) building, I noted that there was a growing body of research that employee productivity and student performance improve in green buildings. There was this grumpy guy in the group who said “I’m a CFO and I don’t buy any of that improved productivity stuff.” Never really understood why being a CFO would cause you to ignore new information, but it made sense to him.
Last week, CB Richard Ellis a real estate firm and the Burnham Moore Center at the University of California at San Diego released research demonstrating again that employee productivity is higher in green buildings.
The study also noted the significantly higher rents that green buildings can attract. The evidence continues to mount that green buildings may be the only economically rational and responsible approach to new construction.
For a copy of the study, click here. Really sorry to disappoint my “CFO friend.”