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Benefits of Green Building

USGBC Green Building Research and Publications

USD and CoStar Release First Comprehensive Nationwide Analysis on the Financial Benefits of Green Office Buildings

The research findings revealed:

1) Green buildings have higher occupancy rates and lower operating expenses than non-green buildings.

2) Green buildings observed higher rental rates by almost $2 dollar per square foot per year net in the second quarter of 2007 and $2.65 higher in the third quarter of 2007.

3) Green buildings command sales prices of 30 percent more on average when compared with other buildings, specifically, $352 per square foot vs. $270 per square foot for last year's transactions. This far exceeds even pessimistic incremental cost estimates to achieve Energy Star or LEED certification.

The research also concludes that new office buildings that are not trying to achieve substantial energy savings and improved environments for occupants are likely to become obsolete much quicker than their green counterparts. Less than 1 percent of all buildings are currently green, although the numbers are rapidly increasing.

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