Green buildings = higher rent
Posted on | March 24, 2010 | No Comments
It’s been a while since I posted, a fact that I may have missed because I was busy enjoying my favorite holiday of the year, St. Patrick’s Day. I wore a green t-shirt that said “The Future is Green”, which I hope everyone appreciated, especially since it glows in the dark! But I digress. I hope you all got the chance to consume some green beer in your own respective corners of the world.
Briefly, I wanted to pass on a link that a friend of mine stumbled upon: it’s a study conducted by Maastricht University, the Netherlands, and the University of California, Berkeley which determined that
“…Buildings with a high Energy Star rating are attracting rental premiums of three percent per square foot compared with non-green buildings of the same size, location and function…”
I mean, how do you like them apples?! The study, entitled “Doing Well by Doing Good?“, provides the first credible evidence of the economic value of energy efficient buildings in the commercial sector by showing that the “greener” buildings were able to charge a premium on rents over more “standard” buildings, aka energy hogs.
Check out the study! And if you have time, peruse the RICS Research page, there are some other great studies* about buildings on there, including one that poses the question, “Can building codes deliver energy efficiency?”
*Maybe I’m the only one that thinks these are cool. Oh well.
Tags: building > design > efficient > energy > money > rent > research > sustainable
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