The CoStar Group just released a study concluding that LEED certified buildings do better in terms of occupancy rates, sale price and rental rates.
The results indicate a broader demand by property investors and tenants for buildings that have earned either LEED® certification or the Energy Star® label. Naturally, this strengthens the business case for commercial green buildings, though it was pretty strong already.
According to the CoStar study, LEED buildings command rent premiums of $11.33 per square foot over their non-LEED peers and have 4.1 percent higher occupancy. Rental rates in Energy Star buildings represent a $2.40 per square foot premium over comparable non-Energy Star buildings and have 3.6 percent higher occupancy.
And Energy Star buildings are selling for an average of $61 per square foot more than their peers, while LEED buildings command a remarkable $171 more per square foot.
Read the full press release here.
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