Study Shows Ways Green Building Adds Value To Commercial Properties
> Green Building News
Despite the growth of green building techniques, materials and practices, their real financial value for commercial buildings has not broadly been recognized by appraisers, lenders, investors and others in the financial community.
Now a new study of three office buildings in Seattle, Portland and Vancouver, BC, identifies how high-performance green features and systems can increase the value of commercial buildings.
The study, conducted jointly by the Cascadia Region Green Building Council,
the Vancouver Valuation Accord,
a group dedicated to linking valuation and sustainability, and the large commercial real estate services firm Cushman & Wakefield,
outlines how the buildings studied achieved value and how their sustainable attributes impact costs, savings, investment income and capital value.
The buildings achieved advantages versus non-green competitors such as higher occupancy rates, competitive rents and strong return on investment. Download the 40-page study here.