Green Certification Boosts Rents, Property Value

10/13/2015 |

Sustainable North American buildings outperform non-certified peers

Office building

Office facilities that undergo green certification such as LEED, BOMA BEST, or ENERGY STAR outperform similar non-certified buildings in terms of rental rates, occupancy levels, tenant satisfaction, and probability of lease renewals.

New research, published in the Journal of Portfolio Management, examined ten years of financial data across a 58-million-square-foot office portfolio covering almost 300 buildings in the U.S. and Canada and found that net effective rents were an average of 3.7% higher in U.S. LEED certified buildings than in comparable properties. Energy consumption per square foot was 14% lower in U.S. LEED certified buildings than in facilities without the designation.

Additionally, the study found that Canadian LEED and BOMA BEST facilities averaged 4% lower rent concessions than peers, as well as 9.5% higher occupancy rates in U.S. ENERGY STAR buildings than similar non-certified facilities. Building occupants were also more satisfied in certified properties, with tenant renewal rates 5.6% higher and tenant satisfaction scores coming in at 7% higher in certified vs. non-certified properties.

Looking to grab some of the benefits of green designation for your own building? Check out these 13 Tips to Get Your Property Certified.

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See how professionals like you are taking advantage of the highest performing precision cooling system for their computer rooms and data centers, and why Data Aire is fast-becoming the number one choice for facility managers and building owners looking to decrease their energy consumption. 

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Connectrac® wireways are the new standard for bringing power & communications cable management to all interior applications. Free yourself from core drilling!

Surpass State Energy Requirements with Dual-Cooling Data Center CRAC Technology

See how professionals like you are taking advantage of the highest performing precision cooling system for their computer rooms and data centers, and why Data Aire is fast-becoming the number one choice for facility managers and building owners looking to decrease their energy consumption. 

Data Aire understands how digital technology and data gravity is rapidly impacting and transforming businesses. That’s why they developed ultra-efficient cooling technology to support the most modern (and not-so-modern) data centers.  Learn how One Wilshire in Los Angeles, one of the most advanced carrier hotels today, is surpassing California's strict energy efficiency requirements with Data Aire’s purpose-built system, which provide full-economization for 260 days – almost 72% of the year. That’s a measurable savings! Furthermore, the projected PUE on an annual basis for a full load is at or below 1.2.


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