Study finds green buildings outperform peers
Green buildings demand higher rents and have higher occupancy rates, study says.
A new study by CoStar Group has found that sustainable "green" buildings outperform their non-green peer assets in key areas such as occupancy, sale price and rental rates, sometimes by wide margins.
According to the CoStar study, LEED buildings command rent premiums of $11.33/sq. ft over their non-LEED peers and have 4.1% higher occupancy. Rental rates in Energy Star buildings represent a $2.40/sq. ft premium over comparable non-Energy Star buildings and have 3.6% higher occupancy.