Ali Ata Explains the Impact of Sustainability on Real Estate

Global initiatives have been initiated to combat the significant environmental impact of carbon emissions. Real estate veteran Ali Ata notes that this has increased the need for eco-friendly practices among industries such as commercial real estate development, where sustainable measures are being taken in existing and upcoming projects.

A LEED certification is essential for today's commercial real estate developers. Obtaining one has become standard practice in the U.S., as it recognizes those buildings that have met rigorous standards for energy efficiency, lighting systems, and air quality control – all efforts to ensure safe-water use conservation and sustainability. Ultimately, choosing this option may save you more money than ever imagined.

Creating sustainable commercial spaces is a goal for many companies worldwide; tenants are so invested in this mission they're even willing to invest extra capital into the endeavor. Ali Ata highlights how dedicated businesses have become to sustainability - underscoring its importance in values-driven corporate culture.

The government also rewards organizations and establishments that support sustainability. They do this through the IRS. By offering tax deductions for energy-efficient retrofits, companies are motivated. Likewise, the federal Solar Investment Tax Credit provides a 30 percent tax credit for solar-powered fixtures on commercial properties. Other offices, such as the U.S. Office of Energy Efficiency and Renewable Energy, also offer tax credits and discounts. They also provide bond financing, grants, as well as rebates.

Sustainable buildings are undeniably costly, but their rewards far outweigh their starting costs. Such facilities provide better marketing and staffing opportunities and an immense amount of cultural recognition to investors, which is invaluable in today's competitive climate.

Today, Ali Ata mentions that several questions still linger. For example, in what ways can real estate developers help in making their projects more sustainable? Are there things people have to give up? If so, how will this change the lives of people living and working in these buildings?

Thank you for reading.

Real estate veteran and subject matter expert Ali Ata has written a number of articles on real estate trends. Read more of his insights here.