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How Green Infrastructure Adds Value for Property Owners and Tenants
By Larry Levine
“Green infrastructure” in urban and suburban areas—that is, techniques like green roofs, tree plantings, rain gardens, and permeable pavement, which absorb rainwater near where it falls—is proven to help solve major water pollution problems. These water management practices store rainwater for use, evaporate it back to the atmosphere, or let it filter into the ground, where it can benefit vegetation and replenish groundwater supplies.
Many communities around the U.S. are now relying on green infrastructure as a cost-effective solution to stormwater infrastructure problems. What’s more, these communities reap the added benefits of beautifying neighborhoods, cooling and cleansing the air, reducing asthma and heat-related illnesses, reducing energy demand for heating and cooling, and creating “green-collar” jobs.
Less well-known—but vitally important—is that green infrastructure on private property can provide a wide range of benefits to commercial property owners and their tenants.
A new NRDC report released today, "The Green Edge: How Commercial Property Investment in Green Infrastructure Creates Value," details the following benefits, which help to build the business case for commercial real estate owners to invest in green infrastructure:
- Increased rents and property values
- Increased retail sales
- Energy savings
- Local financial incentives (such as tax credits, rebates, and stormwater fee credits)
- Reduced infrastructure costs
- Reduced flood damage
- Reduced water bills
- Increased health and job satisfaction for office employees
- Reduced crime
Real dollar values can be put on many of these benefits. For a teaser of what’s in the full report, click on the graphic below:
On any given property, these benefits can add up to big money over the long-run. Our report includes three examples that show the potential cumulative value of a suite of green infrastructure retrofits to the owners and tenants of medium-sized office buildings, mid-rise apartment buildings and retail centers. In both the office building and apartment building examples, the total present value of benefits approaches $2 million over 40 years; for the retail center, benefits exceed $24 million, including nearly $23 million of increased retail sales for tenants.
The report shows why it’s essential for players in the commercial real estate industry to consider the full range of green infrastructure benefits, in order to make wise investment decisions. This is true both for new construction projects – to take full advantage of opportunities to integrate green design features – and at existing developed sites – where investments in retrofits can improve older properties and create value.
Notably, in some cities, compliance with local stormwater regulations may require the use of green infrastructure practices for new development. In many other places, these same practices, though not required, provide an allowable pathway to compliance. Recognizing the true benefits of green infrastructure can help developers maximize their return on investment when determining how best to comply with – or even exceed – such local rules.
The report’s findings also have important implications for national policy. The U.S. Environmental Protection Agency is long-overdue to update to its stormwater rules, which, if done right, would significantly expand and accelerate the deployment of green infrastructure nationwide. Today’s report shows that, besides achieving cleaner water and healthier communities, federal leadership on this front can help create value in the commercial real estate market.
Ultimately, green infrastructure is a win-win for both the private and public sector. As Howard Neukrug, Commissioner of the Philadelphia Water Department put it to me: “When private property owners construct green infrastructure and manage their on-site stormwater, not only can they benefit financially, they are also helping to transform pockets of our city into Greened Acres. This is public/private partnership in its truest sense.”
This piece originally appeared on the NRDC's Switchboard blog.
Visit EcoWatch’s GREEN BUILDING page for more related news on this topic.
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Cabin fever is often associated with being cooped up on a rainy weekend or stuck inside during a winter blizzard.
In reality, though, it can actually occur anytime you feel isolated or disconnected from the outside world.
What is cabin fever?<p>In popular expressions, cabin fever is used to explain feeling bored or listless because you've been stuck inside for a few hours or days. But that's not the reality of the symptoms.</p><p>Instead, cabin fever is a series of negative emotions and distressing sensations people may face if they're isolated or feeling cut off from the world.</p><p>These feelings of isolation and loneliness are more likely in times of <a href="https://www.healthline.com/health-news/yes-covid-19-cases-are-rising-why-you-still-need-to-practice-social-distancing" target="_blank">social distancing</a>, self-quarantining during a <a href="https://www.healthline.com/health/what-is-a-pandemic" target="_blank">pandemic</a>, or sheltering in place because of severe weather.</p><p>Indeed, cabin fever can lead to a series of symptoms that can be difficult to manage without proper coping techniques.</p><p>Cabin fever isn't a recognized psychological disorder, but that doesn't mean the feelings aren't real. The distress is very real. It can make fulfilling the requirements of everyday life difficult.</p>
What are the symptoms?<p>Symptoms of cabin fever go far beyond feeling bored or "stuck" at home. They're rooted in an intense feeling of isolation and may include:</p><ul><li>restlessness</li><li>decreased motivation</li><li><a href="https://www.healthline.com/health/irritability" target="_blank">irritability</a></li><li>hopelessness</li><li><a href="https://www.healthline.com/health/unable-to-concentrate" target="_blank">difficulty concentrating</a></li><li><a href="https://www.healthline.com/health/irregular-sleep-wake-syndrome" target="_blank">irregular sleep patterns</a>, including sleepiness or sleeplessness</li><li>difficulty waking up</li><li><a href="https://www.healthline.com/health/lethargy" target="_blank">lethargy</a></li><li>distrust of people around you</li><li>lack of patience</li><li>persistent <a href="https://www.healthline.com/health/depression/depression-vs-sadness" target="_blank">sadness or depression<br></a></li></ul>
What can help you cope with cabin fever?<p>Because cabin fever isn't a recognized psychological condition, there's no standard "treatment." However, mental health professionals do recognize that the symptoms are very real.</p><p>The coping mechanism that works best for you will have a lot to do with your personal situation and the reason you're secluded in the first place.</p><p>Finding meaningful ways to engage your brain and occupy your time can help alleviate the distress and irritability that cabin fever brings.</p><p>The following ideas are a good place to start.</p>
When to get help<p>Cabin fever is often a fleeting feeling. You may feel irritable or frustrated for a few hours, but having a virtual chat with a friend or finding a task to distract your mind may help erase the frustrations you felt earlier.</p><p>Sometimes, however, the feelings may grow stronger, and no coping mechanisms may be able to successfully help you eliminate your feelings of isolation, sadness, or depression.</p><p>What's more, if your time indoors is prolonged by outside forces, like weather or extended shelter-in-place orders from your local government, feelings of <a href="https://www.healthline.com/health/anxiety" target="_blank">anxiety</a> and fear are valid.</p><p>In fact, anxiety may be at the root of some cabin fever symptoms. This may make symptoms worse.</p><p>If you feel that your symptoms are getting worse, consider reaching out to a mental health professional who can help you understand what you're experiencing. Together, you can identify ways to overcome the feelings and anxiety.</p><p>Of course, if you're in isolation or practicing social distancing, you'll need to look for alternative means for seeing a mental health expert.</p><p>Telehealth options may be available to connect you with your therapist if you already have one. If you don't, reach out to your doctor for recommendations about mental health specialists who can connect with you online.</p><p>If you don't want to talk to a therapist, <a href="https://www.healthline.com/health/depression/top-iphone-android-apps" target="_blank">smartphone apps for depression</a> may provide a complementary option for addressing your cabin fever symptoms.</p>
The bottom line<p>Isolation isn't a natural state for many people. We are, for the most part, social animals. We enjoy each other's company. That's what can make staying at home for extended periods of time difficult.</p><p>However, whether you're sheltering at home to avoid dangerous weather conditions or heeding the guidelines to help minimize the spread of a disease, staying at home is often an important thing we must do for ourselves and our communities.</p><p>If and when it's necessary, finding ways to engage your brain and occupy your time may help bat back cabin fever and the feelings of isolation and restlessness that often accompany it.</p>
Pope Francis spoke about the novel coronavirus, suggesting that the global pandemic might be one of nature's responses to the man-made climate crisis.