WASHINGTON — The Royal Institution of Chartered Surveyors (RCIS) released the results of the first study on the financial performance of green office buildings that meet Leadership in Energy and Environmental Design (LEED) and/or Energy Star requirements, according to Consulting-Specifying Engineer.
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.
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