Reit.com recently posted this quick (4 mins) interview with the GSA’s Federal Director, Kevin Kampshroer.
In Summary:
GSA is committed to sustainability. The real estate industry has turned the corner: 20-30% of firms have embraced the concepts. It is no longer an early-adopter phase. Total adoption is on the way.
Corporations that embrace sustainability discover side benefits:
- Costs reductions (20% less than market in the case of the GSA)
- Integrate disciplines to drive waste out of the system and create a better product
- The younger generation in the workforce wants to work in buildings that are simply “doing the right thing”
GSA is a leader in the effort to use property more effectively. 50% of office space is empty at any given time. Sustainability is a framework for driving costs out of the portfolio.
It is great to hear such a bona-fide entity, the GSA, championing the cause. It really does make sense.