Green Buildings Said To Bank More Dollars
Wednesday, October 19, 2011
Earthtechling.com -- Looking for a solid investment? According to an ongoing study of a national office portfolio managed by CBRE Group, with participation from the University of San Diego and McGraw-Hill Construction, green buildings generate stronger investment returns than traditional managed properties, particularly those that have achieved LEED certification.
The third phase of a multi-year study initiated in 2009 by CBRE, the University of San Diego’s Burnham-Moores Center for Real Estate and McGraw-Hill, shows that green buildings demonstrated increased occupancy and rental rates in comparison with the general market. The study benchmarks and measures green building benefits and resulting economic outcomes as a framework of investment criteria for retrofitting, adding to the plethora of such measurement tools currently being developed to help commercial building owners identify cost-effective green measures for existing buildings. (Full Story)