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Buildings emerge as drivers of health and profits

Author

Listed:
  • Muldavin, Scott
  • Miers, Chris R.
  • Mcmackin, Ken

Abstract

A confluence of factors has moved buildings to the forefront of efforts to promote the health and wellness of employees. This paper addresses why this has occurred, and how it will influence corporate real estate (CRE) and human resource decisionmaking in the future. The paper continues by describing and documenting a methodology for assessing the financial performance of health and wellness investments that can be used to analyse property and portfolio decisions (Property Health and Wellness ROI Model [The ROI Model]). The ROI Model is then applied to a hypothetical investment in the WELL Building StandardTM for a 200,000 sq.ft office building to demonstrate the sensitivity and substantial profit potential of building level investments in health and wellness. Proper financial assessment of health and wellness investments can enable dramatic improvements in occupant health and productivity, and provide a strong financial foundation for other energy and sustainability investments.3

Suggested Citation

  • Muldavin, Scott & Miers, Chris R. & Mcmackin, Ken, 2017. "Buildings emerge as drivers of health and profits," Corporate Real Estate Journal, Henry Stewart Publications, vol. 7(2), pages 177-193, December.
    • Handle: RePEc:aza:crej00:y:2017:v:7:i:2:p:177-193
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    More about this item

    Keywords

    corporate real estate; health and wellness; human resource management; WELL Building StandardTM; sustainability; decision-making; capital budgeting; facilities management;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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