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As seen in International Business Times

Building Smarter, Greener And More Profitable: Elizabeth Carmichael On The Benefits of Eco-Friendly Development

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As urban developers search for new ways to meet housing demand, a quiet but powerful shift is happening in how projects are conceived, and it's being led by voices like Elizabeth Carmichael, founder of THE LAB SD (Living Adaptive Build - Sustainable Developments). Once an advocate who had to push eco-consciousness into the design conversation, Carmichael now finds developers actively seeking her out with a new question: "How can I build sustainably and still hit my return on investment (ROI) targets?"

The answer, it turns out, lies in a blend of neuroscience, design psychology, and a sophisticated understanding of materials and site planning. And perhaps most critically, it also lies in data.

"When I first started, I had to really push people toward sustainability," says Carmichael. "Now, they're coming to me. Developers are asking, 'How do I make this project greener, but within budget and with good returns?' The winds have changed."

Carmichael is not alone in seeing this shift. A 2018 analysis reviewed 42 studies on green-certified buildings and found that green certifications yield a 6% rent premium and a 7.6% sales premium. For developers focused on the bottom line, that kind of return is hard to ignore. The founder adds, "If residents feel healthier, are happier, and more connected to their space, they stay longer. That means lower turnover, fewer vacancies, and ultimately, a more stable, profitable asset."

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