May 11, 2019 | By Marc Fischer, BOMA Fellow, CCIM, CPM, LEED Green Associate, RPA
Building owners and operators embrace sustainability on two levels. First, there’s the "big picture" perspective, which is often financially motivated. At this level, sustainability programs are employed to reduce operating expenses, which, in turn, increases net operating income (NOI) and asset value. From this perspective, asset managers make major capital allocation decisions, such as installing vehicle charging stations, based on financial metrics like return on investment (ROI) and net present value (NPV).