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CBRE: Sustainable Buildings Generate Stronger Investment Returns
www.newyorkrealestate.citybizlist.com -- Sustainable buildings generate stronger investment returns than traditional managed properties, according to an ongoing study of a national office portfolio managed by CBRE Group, Inc. (CBRE).
The study found that there is a higher value and an increased demand for green, and in particular for LEED® certified buildings, which is demonstrated by increased occupancy and rental rates in comparison with the general market.
This is 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 Construction. The study benchmarks and measures green building benefits and resulting economic outcomes as a framework of investment criteria for retrofit activity. (Full Story)
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