High-performance buildings can increase a tenant’s profits by millions during the course of a standard 10-year lease, according to stok’s “The Financial Case for High Performance Buildings” report, released Tuesday. This savings comes from increased retention, productivity and reduced absenteeism.
Companies have realized that retaining and attracting top talent means making sure workplaces incorporate the environmentally friendly values of the next generation of workers and have elements that increase productivity and wellness based on the latest scientific research, stok partner Warren Neilson said.
High-performance buildings are those that are designed to improve the occupant experience and improve health and wellness. They also improve resource efficiency, minimize environmental impacts from design to demolition, increase resiliency and provide a higher financial return than traditional buildings, according to the report. These buildings often have design elements that address thermal comfort, ventilation, air quality, views and biophilia, which incorporates natural elements into design.
Health and wellness has become a $1 trillion construction industry, but the benefits have been difficult to measure and document. The new report takes into account over 60 research studies and develops ways to financially measure the impacts these buildings have on tenants and owner-occupants.
“The most practical use of the findings in this research is that tenants, designers and developers now all have the financial fundamentals to make design decisions that clearly promote human health and environmental responsibility over short-term financial gains,” Neilson said.