No. of LEED-certified
homes nationwide: More than 2,000, about 11,000 in the pipeline.
No. of Energy Star
qualified home nationwide: 750,000 as of early 2007
No. of NAHB
green-certified homes nationwide: n/a
Report, Study or
March 31, 2009
Press Release: Doing
Well by Doing Good? An analysis of the financial performance of green office
buildings in the USA
in the US with a high Energy Star rating are attracting rental premiums of
three percent per square foot compared with non-green buildings of the same
size, location and function, according to new research commissioned by RICS
(Royal Institution of Chartered Surveyors).
research “Doing Well by
Doing Good?” provides the first credible evidence on the
economic value of the certification of “green buildings” in the commercial
sector and concludes that there is a premium of three percent for the rents
that ‘green’ buildings with the Energy Star rating can command.
Summary:In this study and call
for further research we provide some comparison data on Energy Star and
LEED-certified buildings versus non-Energy Star or non-LEED-certified office
property from the entire U.S. using CoStar database. These results are
promising for the benefits of investment in sustainable real estate, energy
savings and for the green movement now sweeping our society. The payoff from
wise green investment is easy to justify even if based on purely profit
"Green" Value: Assessing the Applicability of the CoStar Studies
From Green Building
The purpose of this
report is to provide guidance to the real estate industry on the
interpretation and use of data and research supporting green building
investment. To better understand the role of quantitative studies within the
broader decision-making context for sustainable property investments, this
report provides an independent critique of the methods, technical execution,
and presentation of the findings of a recent CoStar Group study evaluating
the financial performance of Energy Star and LEED (Leadership in Energy and
Environmental Design) certified buildings.
Green buildings, as represented by the U.S. Green Building Council's
Leadership in Energy and Environmental Design (LEED) Green Building Rating
System, are an undisputed market success. In the eight years since the launch
of LEED, green has firmly established itself among mainstream leaders in the
building sector, representing tens of billions of dollars in value put in
place and materials sales. LEED was created to reduce the environmental
impacts of the built environment, but so far no comprehensive evaluation of
the overall impact of LEED has been conducted. Until now. More
This report examines
the status of green building with respect to the current economic downturn
and dropping energy prices. The findings show that even under these
conditions, the case for green real estate remains strong and opportunities
for cash-rich investors to add green buildings their portfolios may emerge.
This report examines
the forces affecting property sustainability in major regions around the
globe. The study found that major corporate tenants are pursuing
greener facilities worldwide. However, a gap exists between available
green building space and tenant demand, creating green building investment,
particularly in the United States.
This paper explores
why the U.S. institutional investment real estate sector is likely to embrace
sustainable building principles. The paper also documents trends in green
building and focuses on the key drivers for green building investment – as
well as the barriers that have limited this investment up to now.
shows that the REITs in the U.S. considered to have the highest green
credentials outperformed the index over several years. However, while
awareness of the environmental risks and opportunities is growing, there is a
gap in the degree to which real estate companies are implementing strategies
to address risks.
This testimony before
a Hearing of the U.S. House of Representatives is about the commitment made
by the real estate sector in the U.S. to reduce energy consumption. Ms.
Walraven's testimony includes estimates of the financial benefits from low-
and no-cost energy efficiency retrofits.
This report discusses
how tenant demand, decreasing costs associated with building green and risk
management are influencing the extent to which real estate investors and
developers are building green.