Green buildings deliver boost to environment and revenue
Source: Click Green
‘Green’ commercial buildings provide a boost to both the environment and profits, according to new research.
The study by Guelph University professor Avis Devine found environmentally friendly healthy buildings have higher rents and occupancy rates as well as more satisfied tenants.
It was published recently in the biannual special real estate issue of the Journal of Portfolio Management.
“This is one of the most in-depth analyses of sustainable and energy efficient building operations to date,” said Devine, who worked on the study with Nils Kok of Maastricht University in the Netherlands.
“It provides important new insight into the implications of energy efficiency and sustainability certifications on the operation and performance of commercial real estate assets.”