The aesthetic, biophilic, and other benefits of using wood offer market differentiators that can boost a project’s overall value.
Wood can contribute to a project’s sales proposition and create warm, beautiful environments that appeal to a new generation of eco-minded employees, residents, and occupants. Some builders and developers have reported higher sales, rental, and/or lease rates for wood buildings compared to similar non-wood structures.
The developer for Clay Creative, a timber office building in Portland, Oregon, reports that tenants were willing to pay $7 more per square foot than a similar non-wood structure located across the river downtown.
Wood is a sustainable, high-value building material. Building with wood is efficient, often completed faster than other systems, and can be done year-round in almost any climate. Wood can often be locally sourced from North American forests and is frequently less expensive than alternative building materials. It is readily available and tends to be delivered faster than other materials.
Wood is also well suited to additions and retrofits. Wood systems can be dismantled with relative ease, and the materials can be used elsewhere.
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This has led to an increase in the use of materials like wood as a key element of biophilic and evidence-based design. Evidence suggests people feel a sense of well-being when exposed to wood in a building, and many designers cite the warm and natural attributes of wood as a reason for its use.
Want to know why we feel good with wood? Read this white paper.
Population growth, environmental changes and urban expansion are putting pressure on our cities and our planet’s resources. Wood is a smart choice for cities and our future. Whether solving for urban density, sustainability, or climate resilience, wood construction can help solve the issues our cities face today and in the decades to come.