Green Buildings - Higher Rent
2009-07-29 14:07:30According to the findings of research commissioned by the Royal Institute of Chartered Surveys, Energy Star buildings in the US command a rent premium of 3 percent per square foot compared with building of similar size, location and function.
The study, "Doing Well by Doing Good?", also concluded that the sale price for green buildings is on average 16 percent higher than non-green buildings. The report concludes that upgrading the average non-green building would increase its capital value by $5.5 million.
For those that don't believe in the green movement (sadly, there are still a few out there), perhaps these numbers which "speak to their pockets" will change their minds!
The study, "Doing Well by Doing Good?", also concluded that the sale price for green buildings is on average 16 percent higher than non-green buildings. The report concludes that upgrading the average non-green building would increase its capital value by $5.5 million.
For those that don't believe in the green movement (sadly, there are still a few out there), perhaps these numbers which "speak to their pockets" will change their minds!
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