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
| Sep 19, 2013
What we can learn from the world’s greenest buildings
Renowned green building author, Jerry Yudelson, offers five valuable lessons for designers, contractors, and building owners, based on a study of 55 high-performance projects from around the world.
| Sep 16, 2013
Passive solar, enhanced envelope crucial to Univ. of Illinois net-zero project
Passive solar strategies and an enhanced envelope are keys to achieving net-zero on the new 230,000 sf Department of Electrical and Computer Engineering building at the University of Illinois at Urbana-Champaign.
| Sep 13, 2013
Insurance expert: Managing green liability risk not so different from 'normal' risk mitigation
Worries about legal liability have long dogged the sustainable building movement, but insurance expert Karen Erger says sustainability lawsuits are caused by the same types of issues that have always prompted clients to sue AEC firms.
| Sep 13, 2013
Video: Arup offers tour of world's first algae-powered building
Dubbed BIQ house, the building features a bright green façade consisting of hollow glass panels filled with algae and water.
| Sep 11, 2013
New design for Chinese science park aims for zero-carbon footprint
A new design for Jinshui Science and Technology Park in Zhengzhou, China is aiming for a zero-carbon footprint.
| Sep 4, 2013
Smart building technology: Talking results at the BUILDINGChicago/ Greening the Heartland show
Recent advancements in technology are allowing owners to connect with facilities as never before, leveraging existing automation systems to achieve cost-effective energy improvements. This BUILDINGChicago presentation will feature Procter & Gamble’s smart building management program.
| Sep 3, 2013
Grand Junction, Colo., courthouse aims to be first net-zero building on National Register of Historic Places
After a two year renovation, the 95-year oldWayne S. Aspinall Federal Building and Courthouse in Grand Junction, Colo., is being evaluated for LEED Platinum status and may become the National Register of Historic Places’ first net-zero-energy building.
| Aug 27, 2013
College of the Desert in Palm Springs to produce more energy than it consumes
A 60-acre solar farm next to the College of the Desert in Palm Springs, Calif., along with a number of sustainable building features, are projected to help the campus produce more energy than it uses.
| Aug 19, 2013
Integration of solar panels in building skin seen as key net-zero element
Recent high-profile projects, including stadiums in Brazil for the upcoming World Cup and Summer Olympics and a bank headquarters in the U.K., reflect an effort by designers to adopt building-integrated photovoltaics, or BIPV.
| Aug 14, 2013
Green Building Report [2013 Giants 300 Report]
Building Design+Construction's rankings of the nation's largest green design and construction firms.
