Class B office properties that are LEED certified command a greater relative benefit than LEED-certified Class A buildings, according to analysis from CBRE.
The Class B LEED rent advantage over non-LEED is about three times larger than the premium earned by Class A LEED buildings.
“Class B LEED properties have an average 180-basis point (bp) lower vacancy rate and a $9.18 per sq. ft. asking rent premium compared with non-LEED Class B properties,” CBRE says. “This is a wider delta than for the Class A cohort, where LEED buildings have a 160-bp lower average vacancy rate and a $3.75 per sq. ft. asking rent premium.”
The study focused on Boston because it has a significant number of LEED-certified buildings in the downtown area. One in three Class A buildings are certified in the city and one in 10 Class B buildings has this certification.
Average rent for 20,000 buildings studied was 31% higher for LEED structures than for non-certified buildings. Energy Star certification also boosted rents.
Related Stories
Green | Jun 15, 2017
45-meter spiraling tower lets you walk above the trees
A 600-meter treetop path culminates with a 45-meter-tall spiraling observation deck.
Green | Jun 14, 2017
After Paris: What’s at stake for the building industry
In the wake of President Trump’s unilateral decision to withdraw the U.S. from the 2015 Paris Climate Agreement, many in the building industry have optimistically pointed to unstoppable market forces pushing the sector towards a post-carbon future.
| Jun 13, 2017
Accelerate Live! talk: Next-gen materials for the built environment, Blaine Brownell, Transmaterial
Architect and materials guru Blaine Brownell reveals emerging trends and applications that are transforming the technological capacity, environmental performance, and design potential of architecture.
Office Buildings | Jun 8, 2017
Take a look at the plans for Google’s new 1 million-sf London campus
Heatherwick Studio and BIG are designing the 11-story building.
| May 30, 2017
Accelerate Live! talk: Health-generating buildings, Marcene Kinney, Angela Mazzi, GBBN Architects
Architects Marcene Kinney and Angela Mazzi share design hacks pinpointing specific aspects of the built environment that affect behavior, well-being, and performance.
Codes and Standards | May 30, 2017
Industry Groups move toward Unified Green Building Model Code in 2018
The effort involves combining ASHRAE's Standard 189.1 with the International Green Construction Code.
Multifamily Housing | May 22, 2017
Zaha Hadid Architects residential development takes a page from a classic Bradbury tale
The buildings are on an elevated platform and the surrounding walkways are suspended so as not to disturb the surrounding ecosystems.
Architects | May 16, 2017
Architecture that helps children fall in love with the environment
The coming decades present a major ecological challenge... so let’s encourage the next generation to do something about it!
Sustainability | May 16, 2017
1.5 million recycled plastic bottles were used to build this nine-story structure in Taipei
The building is made of Polli-Brick, a building material that comes from 100% recycled Polyethylene Terephthalate Polymer.
Retail Centers | May 3, 2017
18 Carbon fiber wings grace Foster + Partners-designed Apple Dubai Mall terrace
The store’s large terrace provides views of the Burj Khalifa and the Dubai Fountain.
