Environmental certification for commercial real estate assets [electronic resource] the value impacts
Fuerst, Franz
Environmental certification for commercial real estate assets the value impacts [electronic resource] - London RICS 2008
Investigates the price differentials between Green Building Council's Leadership in Energy and Environmental Design (LEED)/Energy Star certified buildings and traditional buildings in the US. It is argued that there are likely to be three main drivers of price differences between green and traditional buildings: business benefits; higher rents and lower holding costs for investors; likely lower risk premiums. Drawing upon the CoStar database of US commercial real estate assets, an hedonic regression analysis is used to measure the effect of certification on rent and price. Concludes that certification produces a rental premium and that there is a price premium for Energy Star and LEED certified buildings.
9781842194348
CONSTRUCTION AND BUILDING RESEARCH CONFERENCE (COBRA)
GREEN BUILDING COUNCIL'S LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) (UNITED STATES)
United Kingdom--
333.337 $2 18
Environmental certification for commercial real estate assets the value impacts [electronic resource] - London RICS 2008
Investigates the price differentials between Green Building Council's Leadership in Energy and Environmental Design (LEED)/Energy Star certified buildings and traditional buildings in the US. It is argued that there are likely to be three main drivers of price differences between green and traditional buildings: business benefits; higher rents and lower holding costs for investors; likely lower risk premiums. Drawing upon the CoStar database of US commercial real estate assets, an hedonic regression analysis is used to measure the effect of certification on rent and price. Concludes that certification produces a rental premium and that there is a price premium for Energy Star and LEED certified buildings.
9781842194348
CONSTRUCTION AND BUILDING RESEARCH CONFERENCE (COBRA)
GREEN BUILDING COUNCIL'S LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) (UNITED STATES)
United Kingdom--
333.337 $2 18