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
Greenbuild Report | Nov 30, 2015
10 megatrends shaping the future of green building
Increased competition among green building rating systems, the rise of net-zero buildings, and a sharper focus on existing structures are among the trends that will drive sustainability through 2020, according to author and green building expert Jerry Yudelson.
Green | Nov 30, 2015
Federal agencies aim for major reduction in greenhouse gas emissions
A 42% cut to come from buildings, vehicles, supply chain.
Green | Nov 29, 2015
Leadership or limbo: Moving to building green’s next level
After interviewing more than 50 AEC firms for our Greenbuild Report in the November issue, I wonder if the sustainability movement has hit a wall in the nonresidential construction sector.
Green | Nov 23, 2015
Top 10 green building products for 2016
A hybrid urinal, ventless dryer, and a chair made of mushroom roots are among the new green products to make BuildingGreen's annual list.
Green | Nov 23, 2015
Green construction doubling every three years
Clients and tenants increasingly value sustainability.
Green | Nov 23, 2015
Copenhagen designer offers assembly kit for a two-story hydroponic urban farm
Founders of Human Habitat believe their Impact Farm could grow up to six tons of produce per year.
Sponsored | Green | Nov 20, 2015
A century-old furniture factory gets a living wall biofilter for better air
During renovations, the team integrated the biofilter into the new HVAC system to provide clean air directly to the offices
Green | Nov 19, 2015
USGBC names 2016 board of directors and advisory council
New governance structure will have two leadership bodies.
BIM and Information Technology | Nov 18, 2015
AIA: Energy modeling key to reaching carbon neutrality in buildings
Energy modeling allows architects to be more ambitious with energy-saving in their design projects.
Green | Nov 18, 2015
Green Seal expands standard for paints, coatings, stains, and finishes
This new edition of GS-11 includes floor coatings, concrete and masonry sealers, and fire resistive coatings, in addition to the paints, primers, anti-corrosive coatings, and reflective coatings previously covered.
