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
Green | Feb 12, 2018
The top landscape trends of 2018
The National Association of Landscape Professionals releases its annual list of trends anticipated to infiltrate residential and commercial outdoor spaces.
Hotel Facilities | Feb 12, 2018
Circular hotel will be world’s first energy positive hotel concept above the Arctic Circle
The hotel will provide 360-degree views of the Svartisen glacier and the surrounding arctic nature.
Green | Feb 5, 2018
Does nature have a lasting positive effect on the mind?
What types of nature-inspired design elements are most effective?
Green | Jan 31, 2018
U.S. Green Building Council releases annual top 10 states for LEED green building per capita
Massachusetts tops the list for the second year; New York, Hawaii and Illinois showcase leadership in geographically diverse locations.
Green | Jan 30, 2018
Welcome to the Jungle: Amazon’s Spheres have opened to employees and the public
The Spheres provide the most unique aspect of Amazon’s downtown Seattle headquarters.
Green | Jan 15, 2018
Revolutionizing the standard green lease
The DOE Better Buildings Initiative has made a bold statement calling 2018 the “Year of the Lease”.
Green | Dec 22, 2017
Green builders can use ‘big data’ to make design decisions
More and more, green project teams are relying on publicly available “external datasets” to prioritize sustainable design decisions, says sustainability consultant Adele Houghton.
Giants 400 | Oct 31, 2017
A more intense shade of green
Zero-net energy, sustainability, and wellness are goals more developers and AEC teams strive for.
Giants 400 | Oct 30, 2017
Top 85 green construction firms
Turner Construction Co., Clark Group, and AECOM top BD+C’s ranking of the nation’s largest green sector contractors and construction management firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Oct 30, 2017
Top 45 green engineering firms
WSP, AECOM, and Arup top BD+C’s ranking of the nation’s largest green sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
