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Our Value Proposition
Informed Optimization Across Multiple Dimensions
We designed our IAQ solution to address many of the major pressure points our clients are facing – from fiduciary obligations to economic imperatives – across complex operating environments.
There are 6 core components to PRS’ value proposition. Managing the inherent tension between and optimizing the balance across these components requires the right IAQ tools and information flow.
Whether focused on a strong offense and aspiring to lead the market with a progressive IAQ management program, or a strong defense and looking to protect asset values under pressure and from possible IAQ rights litigation, PRS enables effective, practical and cost-effective action.
Operating companies and asset managers naturally have multiple, key stakeholders who stand to gain across this PRS-driven value spectrum:
- C-Suite and Board of Directors
- Human Resources, including HSE Leadership
- ESG Leadership
- Facility Manager
- Risk Manager
Our Value Proposition
Informed Optimization Across Multiple Dimensions
We designed our IAQ solution to address many of the major pressure points our clients are facing – from fiduciary obligations to economic imperatives – across complex operating environments.
There are 6 core components to PRS’ value proposition. Managing the inherent tension between and optimizing the balance across these components requires the right IAQ tools and information flow.
Whether focused on a strong offense and aspiring to lead the market with a progressive IAQ management program, or a strong defense and looking to protect asset values under pressure and from possible IAQ rights litigation, PRS enables effective, practical and cost-effective action.
Operating companies and asset managers naturally have multiple, key stakeholders who stand to gain across this PRS-driven value spectrum:
- C-Suite and Board of Directors
- Human Resources, including HSE Leadership
- ESG Leadership
- Facility Manager
- Risk Manager
Proven ESG Accountability
- Market Liquidity Impact: USD 1 Trillion into ESG funds in past 2 years (source: Harvard Business Review – Apr 2022); > USD 7 Trillion of global RE is managed by entities tracking green building performance (Source: Global Real Estate Sustainability Benchmark (GRESB))
- Cost of Capital Impact: ~60% of listed companies CFO’s report that ESG performance has a high or moderate impact on cost of capital (Source: Deloitte Insights, Aug 2020)
Reduced Operating Costs
- Big Target: building energy efficiency is critical: buildings consume ~40% of the world’s fossil fuel energy production and air handling represents 40-45% of that amount
- Demonstrated Improvement: LEED-certified buildings save 20-40% of energy compared to non-certified peers based upon > 8 Billion n sq ft globally of LEEDs-certified real estate (in 2019)
Facility Management Efficiency
- Lease-up and Retention: Adoption rate of healthy spaces 2x of those w/out health emphasis and avg lease term of 88.3 months for spaces with health-focused attributes vs. 75.3 months for those w/out (Source: MIT Real Estate Innovation Lab)
Improved Risk Management
- Reduced Risk Correlation: leading brokers such as Marsh McLennan actively working on correlating reduced risk with demonstrated ESG accountability – and thereby potentially lower premiums, better terms and/or broader underwriter participation
- Other Possible Benefits: reduced health insurance costs, potentially reduced GL costs related to possible litigation defense
Enhanced Occupant Wellbeing
- Enhanced Performance: IAQ significantly impacts employees’ cognitive function, including response times and ability to focus; may also affect their general productivity (Source: Harvard School of Public Health)
- Other Productivity Implications: reduced absenteeism and increased retention in health-oriented built environments (Source: STOK, IWBI)
- In/outdoor Management Requirement: roughly >50% of ambient or outdoor air pollution exposure occurs indoors
Asset Value Protection
- Value Defense and Restoration: est. USD 1.1 Trillion of US RE at risk of becoming obsolete as tenants’ tastes change in hybrid work-era (Source: Bloomberg News, Mar 2022)
- Green Premium: worth ~6-8% increase in rents and leasability (UK EPC requirements) and 14-16% in capital values (Source: CBRE study, Aug 2022)
- Health & Well-Being Premium: 4.4% and 7.7% higher effective rents in Boston, MA tied to healthy building standard (Source: MIT Real Estate Innovation Lab)