Mayoral Hopeful John Barros On Keeping The BPDA, Managing Boston's Lab Boom

Bristol Myers Squibb won’t be sharing its future Cambridge Crossing home, leasing up the remaining portion of the nearly 480K SF under-construction building. The pharmaceutical giant is expanding its initial 360K SF lease at >

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Just a year ago, many of our offices — the ones many companies are clamoring to reopen — were filled not with employees but cleaners clad in hazmat suits that looked straight out of a medical thriller. In the early months of the coronavirus pandemic, concerned property owners, following the best advice available at the time, spent considerable sums scrubbing their offices down in what, it appears a year later, might have been a misdirected effort. 

“Last year, there immediately was a knee-jerk reaction to cleaning and deep, deep sanitization, almost to the point [where] it was overcleaning and got into hygiene theater,” said Paul Scialla, CEO and founder of Delos, a firm that promotes its own building wellness standard and provides certification of a building’s health and wellness for property owners.

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“It is easier for the world to accept a simple lie than a complex truth,” French revolutionary thinker Alexis de Tocqueville wrote in the 18th century. This idea of clinging to the simple instead of the correct in all its complexities could apply to how real estate is going about cutting carbon emissions.

A new report by the Urban Land Institute and PwC says that while the real estate industry is putting decarbonisation and the climate crisis at the centre of its thinking, it may be going about it in the wrong way.

Reducing carbon emissions has drastically increased in importance for the sector in the past 12 to 18 months, according to ULI and PwC’s Emerging Trends in Real Estate Global 2021 report. But too big a focus on the carbon emitted by buildings during their operation and not enough focus on the carbon emitted by developing new buildings is a potential problem for the industry. 

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