Green Buildings and Higher Rents Linked

Green buildings ask for more green from their tenants. (Photo: Peter Siroki [CC BY 2.0]/Flickr)

Green makes green, makes sense, right? A new study has shown that green buildings are linked to higher building rents so green (buildings) makes green (money). Today, GreenerBuilding News reported about the new study, Doing Well By Doing Good.

The study was conducted by individuals from the University of California, Berkeley, and Maastricht University in The Netherlands.

“The survey of almost 900 buildings found that buildings with an Energy Star certificate attracted rental premiums of three per cent per sq ft compared with "non-green buildings" of the same size, location and function. When rental concessions were removed from the equation the premium was higher still with Energy Star buildings attracting a premium of over six per cent.” Source: GreenerBuildings

The study was a project of the Royal Institution of Chartered Surveyors and can be downloaded in its entirety from GreenerBuildings: Doing Well By Doing Good (PDF).