The 48-page report, "Doing well by doing good?"
shows that tenants and investors are willing to pay more for an energy-efficient building, but not for a building advertised as sustainable, the story stated.
The estimated annual rent for a green building is approximately $329,000 higher than its non-rated counterpart, the story noted.
The value of a green building is estimated to be about $5.5 million more than the value of a comparable unrated building, the story added.
According to the article, the researchers identified a control group consisting of 7,488 commercial properties located within 1,300 feet of a LEED or Energy Star rated building for its comparison.