In a "RICS RESEARCH" report titled "Sustainability and the Dynamics of Green Building" it was reported that:
"While rigorously controlling for differences in quality, they found
that Energy Star-certified buildings command rents that are 2.1
percent higher compared to similar, non-certified properties.
Effective rents are higher by 6.6 percent and transaction prices
are higher by almost 13 percent."
But that is not the whole story. While green buildings tended to hold their value in the face of economic down turn, buildings with the highest ratings did not outperform those with slightly lower ratings.
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Then there is the "label decay" factor. Read more about this report and the international team that put it together.
Business owners that don't want to do this research on their own and want to start realizing the economic benefits of "greening" their operations can attend the North King County Green Business Conference March 23rd at Shoreline Community College. www.shorelinegreenbusiness.com to review topics and to register.