Weekly Real Estate News
Source: GreenBiz —
As the business world wakes up to the need to urgently cut carbon emissions across commercial real estate, we’re increasingly seeing these changing attitudes reflected in the financial value of the buildings around us.
In recent years, real estate has debated the “green premium,” where sustainability-focused companies pay a higher price to rent or buy buildings with certified sustainability credentials that sit well with their values. There’s been much research on how to quantify this green premium — and many discussions on whether it’s really worth the effort for landlords and developers.
In fact, an analysis of 42 studies on the value of green conducted by Dalton and Fuerst in 2018 showed green certifications yielded a rent premium of 6.0 percent and a sales premium of 7.6 percent.
