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Green Buildings, Higher Rent
According to the findings of research commissioned by the Royal Institute of Chartered Surveys, Energy Star buildings in the U.S. command a rent premium of 3 percent per square foot compared with buildings of similar size, location and function.
The study — “Doing Well by Doing Good?” — also concluded that the sale price for green buildings is on average 16 percent higher than non-green buildings. The report concludes that upgrading the average non-green building would increase its capital value by $5.5 million.